#TrumpTariffs Here are the latest developments on Donald Trump’s tariff policies, along with what they mean:
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✅ Big Shifts in Tariff Policy
Food & Agricultural Imports
Trump announced a rollback of tariffs on a wide array of consumer-food items (beef, coffee, tropical fruits, tea, etc.).
The move was framed as a response to inflation and rising grocery costs in the U.S.
A White House fact sheet states that certain agricultural products “will no longer be subject to the reciprocal tariffs” as of Nov 13 2025.
Trade Deal with Switzerland
The U.S. and Switzerland reached a framework agreement: U.S. tariffs on Swiss imports would be reduced from ~39% to 15%. In turn, Swiss firms pledged ~$200 billion in U.S. investment by 2028.
This shows a shift toward more selective tariff relief and trade incentives.
U.S.–China Trade Status
While earlier there was talk of possible massive increases, such as a proposed new 100% tariff on Chinese imports, other signals suggest escalation may be off the table. For example, Scott Bessent (U.S. Treasury Secretary) said additional 100% tariffs are “effectively off the table” after meetings with the Chinese side.
A truce remains fragile: the tariffs remain high and complex.
Impact on Other Economies
Indian exporters have shown resilience despite facing U.S. tariffs. According to ratings agency Moody's, India is expected to grow strongly (~6.5%) through 2027, having managed to redirect exports away from the U.S. market.
In Canada, the lumber export industry is already shifting its focus due to U.S. tariff pressures.
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🔍 What It All Means
Tariff policy is becoming more tactical: The broad sweeping tariff approach earlier in Trump’s term seems to be giving way to more targeted relief and bilateral deals.
Consumer pressure matters: The rollback of food-tariffs shows that impact on the household budget can force adjustments.
Global supply chains are adapting: Non-U.S. firms are finding alternate markets and supply lines in response to U.S. tariff threats.