Trump to Cut Tariffs to Lower Food Prices

Economic Policy & Affordability - The administration is shifting focus to affordability, potentially through tariff deals and dividend checks to Americans, aiming to counter concerns about the cost of living [2][3] - The White House is considering new tariff deals to generate revenue, possibly distributing $2,000 dividend checks to alleviate cost of living pressures [3] - The administration is exploring tariff reductions, particularly on food goods from Latin American countries, to provide relief to consumers [8][9] - The focus on affordability is seen as a pivot, though tariffs remain a favored policy tool [6] Tariff Strategy & Trade - The White House is being cautious about revealing details of tariff reductions, focusing on long-term economic effects rather than short-term pain [5] - The administration is signaling potential tariff relief through deals with Latin American countries, specifically on a list of food goods [8] - The administration is lowering the standards for countries to qualify for tariff-free trade arrangements, aiming to provide relief in the food sector [9] Potential Policy Actions - A potential rebate check is being considered, though its size and passage through Congress remain uncertain [11] - The administration is expected to find areas for tariff relief, particularly in the food sector [12]