US media report Trump preparing to back down on some tariffs in order to lower food prices | investingLive

New York Times reporting that the Trump administration is preparing tariff exemptions in an effort to lower food prices.

This follows reports earlier in the week that the administration was seeking to lower prices.

The tariffs have gone from ‘no exceptions’ to ongoing TACO over and over again. Tariffs are a woeful tax on consumers so this dially back TACO is good news, bbut the whole debacle has been a dreadful drag on the economy.