MODIFYING THE SCOPE OF TARIFFS ON THE GOVERNMENT OF BRAZIL
Trump White House3 days
This administration is taking decisive action to tackle the cost of living. With food being a vital component of every American’s household budget, reducing prices will help families handle their finances and create more disposable income. For this reason, and in light of progressing trade talks, the administration has reduced tariffs on Brazilian agricultural products.
The administration’s latest tariff U-turn is a damning indictment of the entire policy. After recklessly raising duties on food imports, the administration is horrified to find grocery prices spiraling out of control. MAGA supporters should take a moment to consider that if the tariffs on Brazil are so damaging, what chaos Trump’s threatened tariffs against China would cause.
There is a 1% chance that the U.S. Congress will pass a bill implementing Trump’s tariff policies in 2025, according to the Metaculus prediction community.
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