How To Report Foreign Income: Starting November 28, 2025, Indian taxpayers who have foreign assets are receiving SMSs and emails from the tax department for voluntary disclosure and file revised ITRs by December 31, 2025, if not done properly
Donald Trump drops tariffs on beef, coffee, tropical fruit as pressure builds on consumer prices
Donald Trump drops tariffs on beef, coffee, tropical fruit as pressure builds on consumer prices
President Donald Trump signed an executive order on Friday (November 14, 2025) to get rid of tariffs on a broad swath of commodities, including beef, coffee and tropical fruits. It's part of a response to pressure from consumers who complain prices are too high.
The move comes after voters in off-year elections earlier this month cited economic concerns as their top issue, resulting in big wins for Democrats in races in Virginia and New Jersey.
Mr. Trump slapped tariffs on most countries in April. He and his administration have been long insisted that tariffs don't increase consumer prices, despite economic evidence to the contrary.
Record-high beef prices have been a particular concern, and Mr. Trump has said he intended to take action to try to lower them. Mr. Trump's tariffs on Brazil, a major beef exporter, have been a factor.
The executive order also removes tariffs on tea, fruit juice, cocoa, spices, bananas, oranges, tomatoes and certain fertilizers. Some of the products covered aren't produced in the United States.
The President signed the executive order after announcing that the U.S. had reached framework agreements with Ecuador, Guatemala, El Salvador and Argentina designed to ease import levies on agricultural products produced in those countries. Mr. Trump suggested earlier this week that he'd be lowering tariffs on coffee to help increase its importation.
Published - November 15, 2025 08:40 am IST
USA
Source: The Hindu
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How To Report Foreign Income: Starting November 28, 2025, Indian taxpayers who have foreign assets are receiving SMSs and emails from the tax department for voluntary disclosure and file revised ITRs by December 31, 2025, if not done properly
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