Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnSquareMore
Trump Rolls Back Tariffs in Bid to Curb Inflation, Prompting Backlash from Politicians and Industry Leaders

Trump Rolls Back Tariffs in Bid to Curb Inflation, Prompting Backlash from Politicians and Industry Leaders

Bitget-RWA2025/11/15 16:52
By:Bitget-RWA

- Trump reversed food tariffs on beef, coffee, and bananas to curb soaring grocery prices and public cost concerns. - The policy shift followed Democratic election gains and economic warnings about inflation from high duties on imports. - Cattle ranchers criticized the move as conflicting with "America First" rhetoric, while Australia and Brazil welcomed tariff cuts. - Economists debate long-term impacts, with some predicting higher prices as supply chains adjust post-tariff reductions.

Donald Trump has made a significant change to his trade approach, reducing tariffs on items such as beef, coffee, bananas, and other food imports in an effort to tackle rising grocery costs and address growing public concerns about the cost of living. The executive order, which is retroactively effective from November 13, eliminates tariffs on more than 100 food items, including essentials like beef, coffee, and tropical fruits,

. This action comes after increased political pressure following Democratic wins in the November elections, where affordability was a major issue for voters .

This move signals a practical adjustment to Trump’s trade priorities. The administration had originally justified tariffs as a way to "boost U.S. investment and manufacturing," but both economists and business leaders have repeatedly cautioned that tariffs on food imports—such as a 50% duty on Brazilian coffee and a 10% base tariff on imports worldwide—have

. For example, beef prices climbed 12.9% year-over-year in September, fueled by import tariffs and domestic supply issues .
Trump Rolls Back Tariffs in Bid to Curb Inflation, Prompting Backlash from Politicians and Industry Leaders image 0
"Tariffs are artificially inflating prices here," said Karim Azzaoui, a food industry executive, pointing out that products like olive oil and other imports have become too expensive for lower-income families .

The White House credited the policy reversal to "significant progress" in trade talks with Argentina, Ecuador, Guatemala, and El Salvador, which allowed U.S. businesses greater access to their markets in return for lower tariffs

. Still, disagreements within the administration and the Republican Party highlighted the complexity of the decision. While Trump presented the change as a win for consumers, cattle ranchers criticized it for conflicting with his "America First" message. Some ranchers argued that more beef imports would lower domestic prices, even though Trump claimed tariffs had previously benefited them .

Reactions from abroad were varied. Australia, a leading beef exporter, welcomed the end of 10% tariffs on its farm goods, with trade officials describing the tariffs as "an act of economic self-harm"

. Meanwhile, U.S. trade partners like Brazil and Uruguay—previously subject to some of the highest tariffs—may benefit temporarily as global demand for their exports recovers .

Experts remain split on the long-term effects. The Tax Foundation noted that before these changes, 74% of U.S. food imports were subject to tariffs

, but many companies had absorbed the extra costs rather than passing them on to shoppers. Now, with inflation rising and supply chains shifting, analysts expect prices for goods affected by tariffs could continue to climb. "If cutting tariffs lowers prices, what happens when you raise them?" tweeted Erica York of the Tax Foundation, pointing out the administration’s inconsistent approach .

This policy change has also reignited debate over Trump’s overall tariff strategy. While the president promised to use tariff revenue to fund $2,000 rebate checks

, critics say the policy has fueled inflation without delivering the promised economic benefits. House Democrat Richard Neal accused the administration of "trying to fix a problem they created," pointing out that shrinking manufacturing and rising prices have undermined Trump’s claims .

As the administration works through these issues, the rollback of food tariffs highlights a broader recognition that trade policies can both increase and decrease costs—a point economists have long stressed

. With the 2026 midterm elections approaching, how the White House manages the balance between supporting domestic producers and meeting consumer needs will be a key test for this policy direction.

0
0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!

You may also like

Hyperliquid’s Growing Influence in Crypto Trading: Enhancing Investor Access and Entry Methods in an Evolving Market

- Hyperliquid dominates 2025 crypto market with 73% DEX perpetual trading share via fee cuts, stablecoin integration, and institutional partnerships. - USDH stablecoin (backed by USD/Treasury) and HyperEVM infrastructure position it as "AWS of liquidity" for on-chain finance developers. - 78% user growth and 1.75M HYPE token unlock resilience highlight its scalability, though stablecoin regulations and market volatility pose risks.

Bitget-RWA2025/12/03 05:56
Hyperliquid’s Growing Influence in Crypto Trading: Enhancing Investor Access and Entry Methods in an Evolving Market

PENGU Token Price Rally: Examining Brief Upward Trends and Institutional Indicators Towards the End of 2025

- PENGU token surged past $0.0100 in late 2025, driven by Bitcoin's rebound and institutional inflows totaling $430,000. - Technical indicators show conflicting signals: overbought RSI (73.76) vs. positive MACD/OBV, with critical support at $0.009. - $66.6M team wallet outflows contrast with institutional accumulation, raising sustainability concerns despite short-term bullish momentum. - Macroeconomic factors like Fed policy and Bitcoin correlation amplify PENGU's volatility, complicating long-term price

Bitget-RWA2025/12/03 05:56
PENGU Token Price Rally: Examining Brief Upward Trends and Institutional Indicators Towards the End of 2025

LUNA Rises 1.13% Amid Progress on U.S. Lawmaker’s Stock Trading Ban

- LUNA rose 1.13% in 24 hours amid U.S. political pressure to ban congressional stock trading, despite an 82.66% annual decline. - Rep. Anna Paulina Luna advanced the bipartisan Restore Trust in Congress Act, which would prohibit lawmakers and families from trading individual stocks. - The bill faces bipartisan opposition over financial flexibility concerns but has 100+ supporters, including conservatives and progressives, seeking to close ethics loopholes. - Critics argue the 2012 STOCK Act lacks sufficie

Bitget-RWA2025/12/03 05:22
LUNA Rises 1.13% Amid Progress on U.S. Lawmaker’s Stock Trading Ban

BCH Rises 9.13% Over 24 Hours as Overall Market Trends Upward

- Bitcoin Cash (BCH) surged 9.13% in 24 hours, with 10.08% monthly and 37.01% annual gains, signaling sustained bullish momentum. - Analysts attribute the rise to BCH's utility in cross-border payments, low fees, and institutional interest as a Bitcoin layer-2 solution. - No immediate catalysts (regulatory shifts, partnerships) were identified, suggesting market sentiment and macro trends drive the rally. - Experts highlight BCH's structural strengths and active development, positioning it to outperform br

Bitget-RWA2025/12/03 05:22
BCH Rises 9.13% Over 24 Hours as Overall Market Trends Upward
© 2025 Bitget