Donald Trump announced Friday that he was scrapping U.S. tariffs on beef, coffee, tropical fruits and a broad swath of other commodities — a dramatic move that comes amid mounting pressure on his administration to better combat high consumer prices.
Trump has built his second term around imposing steep levies on goods imported into the U.S. in hopes of encouraging domestic production and lifting the U.S. economy. His abrupt retreat from his signature tariff policy on so many staples key to the American diet is significant, and it comes after voters in off-year elections this month cited economic concerns as their top issue, resulting in big wins for Democrats in Virginia, New Jersey and other key races around the country.
Like many have pointed out … the tariffs have raised prices for consumers.
By lowering tariffs again, the savings will go to the corporations because they’ll keep prices high and pocket the difference. People are already conditioned to the current prices. They might grumble for a while, but after a month, it will all be normalized again. Prices are high and they’re going to stay high.
It may have been the reason behind raising tariffs in the first place.
This is the same shit with eggs. People removeded and now they are use to the high prices.
I dunno at Costco the eggs i got last time were like $2.50 for two dozen.