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Trump admits defeat
Rizzle
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1 week ago
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News
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00:00
Trump admits defeat. Donald Trump's administration reversed an economic policy,
00:06
exempting more than 100 food items from tariffs. In a shift, news.com learned had become costly
00:12
and difficult to defend. Executive order signals major policy shift. Trump's order called the move
00:18
necessary and appropriate. The exemptions cover citrus, beef and coffee, and New York Times
00:24
polling found frustration as grocery prices hit highest in more than a decade. Economic
00:29
pressure and political backlash. The rollback followed pressure from agricultural groups,
00:35
swing state governors and rural lawmakers as prices became a barometer ahead of the 2026 midterms.
00:42
Whitehouse called it targeted modifications despite exemptions. Global trade landscape reshaped as a
00:48
result of tariffs. As U.S. tariffs rose, partners diversified. Europe expanded Asian ties and Latin
00:55
America boosted trade with China, eroding leverage. One economist described it as
01:00
the consequence of isolation without leverage. Tariffs, once central to Trump's policymaking.
01:07
Tariffs have been central to Trump's claim of national strength,
01:10
but rising prices and shifting partners show the strategy created domestic strain
01:15
and seated ground internationally.
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