WASHINGTON (AP) — The President donald trump On Friday, he signed an executive order eliminating tariffs on a wide range of products, including beef, coffee and tropical fruits. It’s part of a response to pressure from dissatisfied consumers who say prices are too high.
The move comes after voters in an off-year election earlier this month said: Economic concerns are the biggest issueDemocrats won big victories in Virginia and New Jersey.
trump slaps Most countries have customs duties In April. He and his administration have long maintained that tariffs do not raise consumer prices. Despite the economic evidence vice versa.
Beef prices hit record high are of particular concern, and President Trump has said he will take action to lower them. Trump’s Tariffs on BrazilThis is due to the fact that it is a major beef exporter.
The executive order also eliminates tariffs on tea, fruit juices, cocoa, spices, bananas, oranges, tomatoes, and certain fertilizers. Some eligible products may not be manufactured in the United States.
The president signed the executive order after announcing that the United States had reached an agreement. framework agreement In Ecuador, Guatemala, El Salvador, and Argentina, it aims to ease import taxes on agricultural products produced in these countries. President Trump suggested earlier this week that he would lower coffee tariffs to support increased coffee imports.
