US EditionTrump Is Scrapping Tariffs on some Items. Here’s How It Might Impact Grocery Store Prices
President Trump reversed tariffs on over 200 grocery items after a 3.1% annual rise in food prices and business reports of increased costs from tariff uncertainty.
- Last Friday, President Donald Trump rolled back tariffs on more than 200 grocery products, including coffee and beef, marking a sharp reversal of his economic policy.
- Rising food prices and business surveys pushed the rollback as food prices rose 3.1% last year and a Federal Reserve Bank of Cleveland survey found businesses reporting higher costs earlier this month.
- Some staples spiked—coffee up 18.9 percent, beef up 14.7 percent and bananas up 6.9 percent—as economists warn tariffs reorganize supply chains, creating a supply shock.
- Amid macro risks, the Supreme Court will rule in the coming months on IEEPA authority, which could overturn tariffs and trigger a refund of $89 billion, according to U.S. Customs and Border Patrol data.
- Bloomberg warned that the president's fight with the Federal Reserve could trigger stagflation, while observers link tariffs to slower growth and trade impact as imports dropped.
16 Articles
16 Articles
Exclusive | Grocery prices to remain high through Thanksgiving despite Trump’s tariff pardon — here’s when coffee prices will ease
President Trump's recent cancellation of tariffs on coffee, beef, bananas and other goods won't take effect in time for customers to notice a difference in prices by Thanksgiving -- with some costs likely to stay high through Christmas, grocers told The Post.
Trump is scrapping tariffs on some items. Here’s how it might impact grocery store prices
The Trump administration announced late last week that it was removing its tariffs on certain food products. Imported items like coffee and tea, bananas, beef and fruit juices will no longer have an extra reciprocal tax applied when they enter…
'You’ve all felt that': Economist warns early signs of looming crisis blaring under Trump
President Donald Trump rolled back tariffs on a number of grocery staples, like beef, coffee, and bananas, late last week in what is being called a “sharp reversal” of his economic policy. He even admitted that tariffs do increase prices “in some cases,” but he also insisted there is “virtually no i...
Our most-read: Trump lifts tariffs on many ag goods to address price hikes
The top stories from the past week. Trump ends ‘reciprocal’ tariffs on hundreds of ag goods, reacting to consumer pressures. The agricultural products no longer subject to those tariffs include a variety of goods, such as bananas and coffee, for which there are no well-developed U.S. counterparts, and beef, in administration hopes that those imports will bring down prices. An order says: “After considering the information and recommendations t…
Economist sounds stagflation alarm as food costs rise under Trump
President Donald Trump rolled back tariffs on a number of grocery staples, like beef, coffee, and bananas late last week in what is being called a “sharp reversal” of his economic policy. He even admitted that tariffs do increase prices “in some cases,” but he also insisted there is “virtually no inflation” in America.Inflation, as many grocery store shoppers and consumers in general have seen, is “persistent,” according to economist Justin Wolf…
Coverage Details
Bias Distribution
- 42% of the sources lean Left
Factuality
To view factuality data please Upgrade to Premium
