UK, Grocery Stores React to Trump’s Tariff Rollbacks

President Trump recently rolled back tariffs on most countries, except for China, leading to mixed reactions among American consumers and businesses. Grocery stores are adapting to the changes, with some experiencing price increases on imported goods due to existing tariffs on Chinese products, which remain steep at 125%. Meanwhile, US Trade Representative Jamieson Greer defended the aggressive tariff strategy, arguing it is necessary to address the trade deficit, despite potential inflation and economic growth concerns. In response to the tariffs, the Philippine Chamber of Commerce has suggested lowering tariffs on US imports to mitigate the adverse economic impacts, similar to Vietnam's proposal for reciprocal tariff reductions. Although countries like China face significant tariffs, most allies have opted not to retaliate against the US. Overall, the international trade landscape remains uncertain, with countries feeling the repercussions of Trump's policies.