Trump cuts tariffs on goods like coffee, bananas and beef in bid to slash consumer prices

Core Points - President Trump has exempted key agricultural imports from higher tariff rates, including coffee, cocoa, bananas, and certain beef products [1][2] - This decision comes in response to political pressure due to rising grocery prices linked to tariffs and high inflation [2] - The exemptions also include a variety of fruits and other food items, marking a significant policy shift from Trump's previous stance on tariffs [3] Agricultural Imports - Key agricultural imports exempted from tariffs include coffee, cocoa, bananas, and certain beef products [1] - Additional exemptions cover fruits such as tomatoes, avocados, coconuts, oranges, and pineapples, as well as black and green tea, and spices like cinnamon and nutmeg [3] Economic Context - The tariff exemptions are a response to increased prices for common food items, which have been exacerbated by Trump's tariffs and high inflation rates [2] - Trump's previous insistence on tariffs being necessary for protecting U.S. businesses and workers is contradicted by this recent policy change [3]