The Donald Trump administration signaled a significant policy shift on Friday by acknowledging that tariffs imposed on certain products containing steel and aluminum could be rolled back.
This potential move comes after several measures introduced over the past three months aimed at reducing tariffs.
According to a report published by the Financial Times, the White House is planning to cut tariffs on a range of metal-containing products. Although officials noted that no final decision has been made, the proposed changes are seen as part of a broader softening in trade policy.
The tariff adjustments range from lowering duties on food products to easing tensions with trading partners, as well as new plans involving broad exemptions expected to have limited pass-through to consumers. Analysts say this shift in the administration’s approach has gained momentum as purchasing power has moved higher on the political agenda.
Meanwhile, inflation data released on Friday came in below expectations, pointing to price declines in some politically sensitive food items. This has fueled commentary that the economic effects of a potential easing of tariffs may already be starting to be felt.
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