Trump Tariff Cut May Ease Pain for US Coffee and Beef Lovers (1)

US President Donald Trump’s decision to remove a key tariff on Brazilian coffee and beef may deliver some relief to markets and American consumers who have struggled with soaring prices for the key staples.

Brazil is the top global supplier of both commodities, and a 40% tariff announced in July caused shipments into the US to slump. The resulting supply squeeze had aggravated a price surge for consumers already facing decades-high food inflation.

The executive order signed by Trump on Thursday is expected to ease that pressure. Last week, he cut a separate 10% duty off those products.

“Two-thirds of ...