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How Trump's tariff rollback will impact your grocery prices
CNBC Televisionยท2025-11-21 19:52

To combat higher food prices, President Trump recently announced his administration is rolling back specific tariffs on grocery items ranging from coffee, beef, and bananas. Brazil, which provides 30% of the US coffee supply and is the largest beef exported to the US, has seen tariff roll back on both commodities from 50% to 40%. Analysts say this is not enough to lower prices.Economists warn prices are unlikely to fall anytime soon on the other products and that reason is inventories. Food on store shelves ...