President of the United States Donald Trump withdraws part of the customs duties on imports of food from abroad. The White home published a list of products subject to customs duties, including coffee, tea, bananas, tomatoes, beef, cocoa, spices and fruit juices. any fertilizers were besides mentioned.
"The prices of coffee were a small high, but they would fall soon," said the president of the United States on Friday. Trump is under political force due to advanced food prices in USA . late attention has been focused on rising beef prices. According to U.S. Census Bureau data, the price of ground beef has been rising all period since the beginning of the year.
The US government justified this decision by stating that certain agricultural products are not produced in adequate quantities in the country. Many trade agreements and ongoing negotiations so concern the exporting countries with crucial quantities of these agricultural products.
Is Trump's tariff policy a loss?
As president, Trump led an aggressive customs policy. After the start of his second word in January, he imposed on many countries, sometimes very high, additional import duties. The U.S. government accuses these countries of having benefited from customs imbalances over the years, to the detriment of the United States.
In fresh months many countries have renegotiated with the Trump administration the trade agreements that the Republican presented as his individual success. However, many economical experts stress that specified a extremist customs policy is in fact loss-making. In the United States, mostly average people suffer, paying higher consumer prices for this policy.
Agreement with Switzerland on Friday
On Friday, the United States and Switzerland announced a preliminary agreement in the customs dispute. "In principle, we reached an agreement with Switzerland," said the US Trade typical at CNBC on Friday Jamieson Greer. The Swiss government, the national Council, besides reported on social platform X that a "effective solution" had been achieved. American duties on Swiss products will be reduced from the current 39% to 15%.
Under the agreement, Swiss companies plan to invest $200 billion (172 billion euro) in the US by the end of 2028, announced the national Council in another statement. "This besides includes promoting the strengthening of vocational training".
