India were outplayed throughout the series, which concluded in Guwahati on Tuesday, suffering a record 408-run loss in the second Test. Former India off-spinner R Ashwin has come to the defence of head coach Gautam Gambhir following India's 0-2 home Test series defeat to South Africa
Trump Scraps Tariffs On Beef, Coffee And Tropical Fruit Amid Price Concerns
Trump Scraps Tariffs On Beef, Coffee And Tropical Fruit Amid Price Concerns
US President Donald Trump on Friday announced that he was scrapping tariffs on beef, coffee, tropical fruits and a broad swath of other commodities. The move amid mounting pressure on his administration to better combat high consumer prices.
The decision following the victories of Democrats in off-year elections earlier this month. Economic concerns were the top issue for voters in Virginia and New Jersey, signalling a shift in priorities that Trump couldn't ignore.
The elections served as a reminder of how inflation and rising prices have become a major headache for many Americans, the Associated Press reported.
“We just did a little bit of a rollback on some foods like coffee," Trump said aboard Air Force One as he flew to Florida hours after the tariff announcement was made.
Pressed on his tariffs helping to increase consumer prices, Trump acknowledged, “I say they may, in some cases, have that effect."
“But to a large extent they've been borne by other countries," the president added.
Meanwhile, inflation — despite Trump's pronouncements that it has vanished since he took office in January — remains elevated, further increasing pressure on U.S. consumers.
The Trump administration has insisted that its tariffs have helped fill government coffers and weren't a major factor in higher prices at grocery stores around the country. But Democrats were quick to paint Friday's move as an acknowledgement that Trump's policies were hurting American pocketbooks.
Trump slapped tariffs on most countries around the globe in April. He and his administration still say that tariffs don't increase consumer prices, despite economic evidence to the contrary.
Trump signed an executive order that 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, meaning that tariffs meant to spur domestic production had little effect. But reducing the tariffs will still likely mean lower prices for US consumers.
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The Food Industry Association, which represents retailers, producers and a variety of related industry firms and services, applauded Trump's move to provide “swift tariff relief," noting that import US taxes “are an important factor" in a “complex mix" of supply chain issues.
(With agency inputs)
Source: News18
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India were outplayed throughout the series, which concluded in Guwahati on Tuesday, suffering a record 408-run loss in the second Test. Former India off-spinner R Ashwin has come to the defence of head coach Gautam Gambhir following India's 0-2 home Test series defeat to South Africa
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