Trump removes tariffs on 200 food products

U.S. President Donald Trump has canceled tariffs on over 200 food products, including staples such as coffee, beef, bananas, and orange juice, amid growing discontent among American consumers over the high price of food items, reports Reuters, as cited by agroportal.ua. The new exemptions took effect retroactively at midnight on Thursday. This marks a sharp reversal for President Trump, who has long insisted that the sweeping import tariffs he imposed earlier this year were not fueling inflation. The dozens of products on the White House's exemption list range from avocados and tomatoes to coconuts and mangoes. The Trump administration stated on Friday that these products cannot be produced in sufficient quantities on the domestic market. Trump has long argued that the customs fees are necessary to reduce the U.S. trade deficit—the difference between the value of goods the U.S. buys from other countries and what it sells to them. The U.S. president stated that the U.S. has been ...