Trump to Cut Tariffs on Beef, Tomatoes, Coffee to Lower Prices

Trade Policy Changes - The U S government is considering eliminating or reducing tariffs on certain food products, like beef, coffee, and tomatoes, that the U S either doesn't produce or doesn't produce enough of [2][3] - The U S and Switzerland have reached a preliminary trade agreement to lower tariffs on many Swiss goods, including watches, from 39% to 15% [7] - Switzerland is committing to a $200 billion investment pledge over five years, with $67 billion (one-third) in the next year in the U S [9] Trade Agreement Status - The administration is working to finalize trade deals with various countries, with India being one of the remaining countries without a deal [11] - Canada and Mexico are in a separate category due to the USMCA, which provides them with lower average effective tariff rates [12][13] Tariff Impact & Strategy - The tariff exclusions acknowledge the impact of tariffs on prices, a point previously downplayed by the Trump administration [5] - The scope of the tariff exclusions is still unclear, including which countries and products will be affected [5][6]