Top Economist Says Trump's Tariff Rollbacks Are A 'Remarkable Admission' That His Policies Raised Prices

Trump rolled back tariffs on Brazilian exports and agricultural imports to ease soaring consumer costs, a move economists say implicitly acknowledges that tariffs raise prices. Justin Wolfers called the shift a rare admission of the policy’s inflationary impact, even as the administration downplays rising costs. The cuts target key grocery imports amid a worsening affordability crisis.