Overview
- An executive order and revised Annexure II exempt more than 200 agricultural and processed-food items, including coffee, beef, bananas, orange juice, spices and tea, effective November 13.
- President Trump said the rollback targets items with “a little bit high” prices and acknowledged tariffs may have raised costs in some cases.
- Analysts expect limited inflation relief because imported food is a small share of U.S. consumption, with Oxford Economics calling the impact a rounding error.
- Indian exporters of spices, tea, coffee and cashews are set to gain, with FIEO estimating $2.5–$3 billion in benefits, though major categories such as seafood and basmati rice remain excluded.
- Significant country- and product-specific levies stay in place, with Brazil’s vice president saying coffee, beef and tropical fruits will still face a 40% tariff.