Pressed on his tariffs helping to increase consumer prices, Trump acknowledged, “I say they may, in some cases” have that effect. The Trump administration has insisted that its tariffs had helped fill government coffers and weren’t a major factor in higher prices at grocery stores around the country. Trump’s tariffs on Brazil, a major beef exporter, had been a factor. But reducing the tariffs will still likely mean lower prices for U.S. consumers. During an interview that aired earlier in the week with Laura Ingraham of Fox News Channel, Trump hinted that lower tariffs might be coming.

Source: Huffington Post November 15, 2025 11:47 UTC