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illuminem summarises for you the essential news of the day. Read the full piece on CNN or enjoy below:
🗞️ Driving the news: President Donald Trump signed an executive order lowering tariffs on key food imports — including beef, tomatoes, coffee and bananas — amid growing voter frustration over high grocery prices
• The order removes these goods from the administration’s “reciprocal tariff” regime, which had imposed rates as high as 50%, though some standard tariffs remain
🔭 The context: Food inflation has become a major political liability as many of the imports now facing lower tariffs were among the hardest-hit by Trump-era trade measures and limited U.S. supply, driving steep consumer price increases
• Coffee from Brazil, previously tariffed at 50%, contributed to a nearly 20% yearly jump in retail coffee prices.
• Mexican tomatoes, now tariffed at 17%, saw prices spike after protections expired this summer
• The decision follows off-year election results signaling dissatisfaction with affordability
• Meanwhile, the U.S. also struck a new trade framework with Switzerland, cutting tariffs from 39% to 15%
🌍 Why it matters for the planet: Lower tariffs may ease food prices, but they also influence global agricultural supply chains — affecting land use, emissions, and farming practices in exporting countries
• As climate stress reshapes global crop production, trade policy will increasingly determine whether supply remains stable, sustainable, and resilient
⏭️ What's next: Economists expect modest relief for consumers, though pricing changes may take months to reach shelves
• Political analysts say the administration is responding to mounting concerns about living costs ahead of 2026 midterms
• Trade negotiations with other partners may follow, especially for goods the U.S. relies heavily on but does not grow domestically
💬 One quote: These tariff reductions target goods “we don’t grow here in the United States,” — Treasury Secretary Scott Bessent
📈 One stat: Coffee prices were up nearly 20% year-over-year in September
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