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US President Donald Trump prepares tariff exemptions in bid to lower food prices

US President Donald Trump prepares tariff exemptions in bid to lower food prices WikiBit 2025-11-14 08:52

The Trump administration is preparing broad exemptions to certain tariffs in an effort to lower elevated food prices that have raised concerns for

Finance

US President Donald Trump prepares tariff exemptions in bid to lower food prices

The Trump administration is preparing broad exemptions to certain tariffs in an effort to lower elevated food prices that have raised concerns for American consumers, the New York Times reported on Friday.

The exemptions are expected to include beef and citrus products, although the people cautioned that Trump had not made a final decision.

Market reaction

At the time of writing, the US Dollar Index (DXY) is down 0.23% on the day at 99.25.

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