Mon, 17 Nov 2025

Mon, 17 Nov 2025 Will Trump's tariff rollback lower food prices?

The White House's move to lower tariffs on food items sent a big political signal. But will shoppers see relief?

* Tariffs removed on over 200 products, including bananas and coffee
* Decision expected to help bring down prices of these items, but impact may be limited due to: + Only a small portion of food imports being affected (less than 20% of overall food purchases) + Many imported goods already having tariffs waived under US-Mexico-Canada free trade agreement + Tariffs still in place on other key ingredients like aluminium and palm oil
* Experts predict prices may only drop by a relatively modest amount (1.9% in the short run, according to Yale's Budget Lab)
* Other factors contributing to high food prices, such as rising labor costs and droughts, are also not affected by tariff rollback
* White House officials acknowledge limited impact of decision, stating reducing prices is goal but not guarantee
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