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.
So, tariffs do raise prices then?
Man, if only someone had known that going into this mess.
Yeah except the damage is already done. The issue is every time he does this shit the countries that aren’t able to import to America go elsewhere and start up in those countries. If they already established why the fuck would they come back and risk the loss again off the tariff rug pull? It’s not only logical it’s a better business move to just stick where you are where the market is going to be stable. This is what happened to the soy farmers.
The Art of the TACO.
I mean there might be some merit. The ghost writer did everything and got their name on the title. That said I’m still going to pass.
Clearly trump knows what he is doing, he is after all the smartest, bestest person ever born.
Weird, I was assuming that adding tariffs on coffee would magically create plantations of coffee in Wyoming
Wyoming is already full of bigots, no space to plant coffee trees.
Or bananas!
Is he still president? After he broke all these laws, and helped a Nazi kill all these people? You guys gotta vote!
Do you think we can just vote whenever we want?
Like, “Wow, the last 10 months have been awful! That’s it. I’ve had enough. I’m going to go vote against him today.”
That’s not how voting works.
Go vote bro! That’s what people here told me, when I said they should dethrone Trump.
Ps: Waiting for the downvotes again.
You’ve literally nothing useful to add.
But you do with your votes! Please vote!
You’re a fucking useful idiot if ever I saw one
I mean, let’s just sit back and observe the stupidly obvious fact that Trump is lowering tariffs to lower grocery store prices, which necessarily confirms Trump knows that creating tariffs raised the grocery store prices, despite that he has said the exact opposite.
So tell me, mainstream media: Did we do it? Did we catch Trump in a lie so logically incontestable that your reporters would feel empowered to finally report it as a “lie”?
[Scans article]
…sigh.
Joke is on American customers. I bet my ass that prices either won’t fall at all, or at least fall far less than the change of tariffs would warrant.
Of course they won’t. Prices never go back down. We’re still paying extra for the ongoing COVID supply chain troubles.
as if that’s all it took to lower prices. companies are gonna look at this as ‘free profit’ and keep them high, pocketing the ‘savings’ for as long as they can.
To be fair to corrupt corporations, they already bought the beef and coffee at tariffed prices, so they have to sell that stuff before the prices can go down. Unless they get a refund (not gonna happen), that’s the way things work.
We’re number 4 for beef exports… Why are we importing it back?!?
Short Answer: Markets are complicated and full of hundreds of thousands of moving parts. For a very simple example related to beef - we could consider the import of Waygu beef since that’s a commodity you can’t make in the USA.
Obviously, there’s plenty of other beef products we import. Anyways yeah usually a country is exporting and importing the same stuff in some quantities when it comes to things like beef or pork or simple mechanical widgets or whatever. Just stuff that because of the quirks of supply and demand and logistics makes it so widgets are exported for sale and also sold domestically.
Walmart and every other grocery store corporation:
Yeah, the prices won’t go down unless forced
Gasp but forcing them is communism!
Lol. The prices arent gonna go down. They just might not keep going up.
One of Trump’s mouthpieces will be talking soon about how the fourth derivative of prices is slowing down, so everything’s OK.
Ah yes, the price jounce has decreased…
as fast*
I’m sure the Argentinean cattle ranchers appreciate his efforts.
My first thought was “What fruits does Argentina export again?”
Rather beefy ones.
Can’t be, he’s been exclaiming how groceries were already lowered.
They’re gonna pay us for groceries!
Strange word that, groceries. People are saying it.
A greens grocer is 6 feet tall with a 54 inch chest and 36 inch waist. What does he weigh?
Groceries.
Trump came up with that word himself. That’s why everyone is saying it now.
Then he forced everyone to have an ID to buy them.
Who’d have thought… the recomendations for how to lower prices… were, to stop doing those things everyone told him would raise prices and he swore up and down wouldn’t.
There’s no reasoning with a moron.
Trump causes problems then causes more by trying to fix them.
The arsonist saved us all by putting out his own
crimefire.well, he is a conman.
America: “… Fool me once, shame on…shame on you. Fool me—you can’t get fooled again.” … (weird George Bush snickering)
He taught Monica
