Trump lowers food tariffs aimed at reducing grocery prices

Trade Policy Changes - The President will reduce tariffs on some imported foods to lower grocery prices [1] - The order exempts hundreds of products from reciprocal tariffs [1] - The move impacts imported agricultural products like coffee, tea, bananas, and other tropical fruits [2] - Dozens of products are listed for potential tariff adjustments, suggesting more changes could come [3] Price Trends - Grocery prices overall are up slightly, around 1% since January [2] - Ground beef prices are up 13% [2] - Orange juice prices are up 17% [2] - Beef and oranges are now exempted from tariffs [3]