Grocery Prices Set to Fall as Trump Repeals Some Tariffs
2:26
Grocery Prices Set to Fall as Trump Repeals Some Tariffs
2 months ago
TODAY.com
NBC News senior business correspondent Christine Romans breaks down how tariffs are ultimately passed down from importers to consumers. Wednesday afternoon, President Donald Trump announced a 90-day pause on tariffs for more than 75 trading partners that did not retaliate after his sweeping duties went into effect. China, which did place steep retaliatory tariffs on U.S. goods, will now see an even larger hike in levies on its products, totaling 125%, Trump said. | Today Show
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NBC News senior business correspondent Christine Romans …
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As President Trump's historic new tariffs are set to take effect at midnight, Illinois Governor JB Pritzker and Chicago Mayor Brandon Johnson slammed the move. | NBC Chicago
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21K views · 253 reactions | President Trump has so far, largely held firm on the new tariffs imposed on America's three biggest trading partners, making clear there are more to come. Though, today he granted a one month reprieve to American automakers. Meanwhile, shoppers face a new economic reality, with prices expected to go up at grocery stores. NBC News' Christine Romans looks at how retailers and consumers are reacting to the new developments. | NBC Nightly News with Tom Llamas | Facebook
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