Western media reported today (Friday), citing sources, that US President Donald Trump intends to reduce some tariffs on steel and aluminum imports.
Officials from the Department of Commerce and the Office of the U.S. Trade Representative said they believe these mandates contribute to higher prices for many consumer products, including molds used to make baked goods and food and beverage containers, which are reflected in costs to end consumers, according to the report.
The move comes as voters grow increasingly concerned about rising commodity prices and the cost of living ahead of midterm elections scheduled for November.
A recent poll found that 30% of Americans approve of President Trump’s handling of the cost of living issue, while 59%, including a majority of Democrats and some Republicans, disapprove.
President Trump imposed tariffs of up to 50% on steel and aluminum imports last year, using those tariffs as a pressure tool in negotiations with many trading partners.
Western media reported today (Friday), citing sources, that US President Donald Trump intends to reduce some tariffs on steel and aluminum imports.
According to the report, officials from the Department of Commerce and the Office of the U.S. Trade Representative believe these tariffs are contributing to higher prices on some consumer goods, such as baking molds and food and beverage cans, impacting the final cost to consumers.
The move comes as voters are increasingly concerned about rising prices and the cost of living ahead of midterm elections scheduled for November.
Recent polls show that 30% of Americans approve of President Trump’s response to the cost of living issue, while 59% disapprove, including a majority of Democrats and some Republicans.
Last year, President Trump imposed tariffs of up to 50% on steel and aluminum imports, using those tariffs as a pressure tool in negotiations with several trading partners.
