President Donald Trump on Friday signed an executive order that retroactively lowers tariffs on beef, tomatoes, coffee, and bananas, among other agricultural imports, backdated to Thursday.
The order Trump signed excludes the goods from “reciprocal” tariff rates, which start at 10 percent and go as high as 50 percent. However, the order doesn’t exempt the goods entirely from tariffs.
For instance, tomatoes from Mexico, a major supplier to the United States, will continue to be tariffed at 17 percent. That rate took effect in July after a nearly three-decade-old trade agreement expired. Tomato prices increased almost immediately after those tariffs were put in place.
Many of the commodities that will no longer face “reciprocal” tariffs have seen some of the biggest price increases since

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