In recent days, the Trump administration returned to the center of attention with measures aimed at alleviating the cost of living for Americans. Inflation remains resilient, exceeding the traditional target, and this pressures the administration to show a reaction. But, as always, political decisions have much larger effects than headlines suggest, especially in the financial universe and the crypto market, which breathes expectations.
🥩☕ Trump retreats and reduces tariffs on food
The most talked-about movement of the week was Trump’s decision to reduce tariffs on more than 200 imported products, such as beef, coffee, and fruits. It is a significant retreat after years of protectionist stance and comes at a time when the prices of these items were skyrocketing; coffee reaching +40% and beef accumulating +11% to +17% in a single year.