U.S. Waives "Reciprocal Tariffs" on Certain Agricultural Products, Including Tea!

U.S. President Donald Trump signed an executive order on the 14th, announcing that, starting from November 13th Eastern Time of the United States, "reciprocal tariffs" on certain agricultural products would be waived.

According to a document released by the White House, tea is among the agricultural products that will no longer be subject to "reciprocal tariffs." Other agricultural products exempted from these tariffs include coffee, tropical fruits and juices, cocoa, spices, bananas, citrus fruits, tomatoes, beef, and some fertilizer products.

The White House stated that this decision was made primarily in consideration of the progress in trade negotiations with partner countries, as well as domestic demand for specific products and production capacity, among other factors.

Multiple U.S. media outlets reported that rising price pressures are a key reason forcing the government to adjust tariffs. Some analysts believe that the recent successive losses of the Republican Party in local elections indicate that voters are expressing dissatisfaction with rising prices through their votes. Additionally, the record-breaking federal government "shutdown" is expected to weaken U.S. economic growth in the fourth quarter, which has also become a significant factor prompting the government to adjust its tariff policy.

Data from the U.S. Department of Labor provides evidence for this: the year-on-year increase in the U.S. Consumer Price Index (CPI) continues to rise, with categories such as tea, coffee, and beef seeing price increases of over 10% year-on-year in September.