US may lift tariffs on products it cannot supply itself with

The United States may lift tariffs on agricultural products that the country cannot produce on its own, such as coffee or cocoa beans, the Wall Street Journal reported, citing U.S. Secretary of Agriculture Brooke Rollins.

“The Trump administration may decide to eliminate tariffs on products that cannot be easily grown in the United States, such as cocoa beans or coffee,” the newspaper wrote, citing Collins.

After returning to the White House, U.S. President Donald Trump began to tighten trade policy: he introduced tariffs on imports from Mexico and Canada, raised them for China, and then announced tariffs on steel, aluminum, and cars. The culmination was the announcement on April 2 of the introduction of a base import rate of 10% and increased “reciprocal” tariffs for individual countries. However, just a week later, tariff increases were put on hold, and the US began trade negotiations with many trading partners.

Tags: cocoa, USA, duties