Donald Trump plans to scale back some tariffs on steel and aluminum goods, the Financial Times reported on Friday, citing people familiar with the matter.
Officials in the Commerce Department and U.S. trade representative’s office believe the tariffs are hurting consumers by raising prices for goods including pie tins and food-and-drink cans, the FT report said.
Voters nationwide are worried about prices, and cost-of-living concerns are expected to be a major factor for Americans heading into the November midterm elections.
Prices won’t come down. They didn’t after the 2017 tariffs were reduced. The corporate excuse is that General Griftus could reinstate tariffs at the drop of a tweet and customers want stability more than a moment of savings.