'America first' policy backfires: US inflation soars, white house prepares U-turn on Trump tariffs

Washington (The Uttam Hindu): Inflation in America is hitting so hard that its heat is being felt all the way to the White House. President Donald Trump's heavy tariffs, imposed in the name of "America First," now appear to be backfiring on him.

In an attempt to boost American industries by increasing the prices of foreign goods, the Trump administration has ignited such a fire in the domestic market that everyday essentials are becoming out of reach for the general public. As a result, the White House is now preparing to lift these tariffs itself.

The "America First" policy backfired

when Trump took office, imposing heavy tariffs on countries from which the US imports heavily. Food and beverages from countries like India, Argentina, Ecuador, Guatemala, and El Salvador suddenly became more expensive.

Trump's goal was to deter foreign companies and boost American revenue, but this decision backfired dramatically. The increased prices caused by the tariffs directly impacted American kitchens. Prices for coffee, bananas, beef, and other essential commodities reached record levels. This strained ordinary people's budgets, and the rising inflation put pressure on the White House itself.

White House preparing for a U-turn:

According to a report, the Trump administration is now seriously preparing to roll back these tariffs. It is reported that the US could make a final decision within a few weeks on lifting additional tariffs imposed on food items imported from Argentina, Ecuador, Guatemala, and El Salvador.

A framework agreement is being developed to make coffee, bananas, beef, and other imported food items cheaper. It is believed that this move will also make it easier for American companies to access those countries' markets.

US Treasury Secretary Scott Bessant has indicated that major decisions will be taken in the coming days, which could lead to a decline in food prices.

Amid this atmosphere, Trump's recent announcement , a promise of a $2,000 "tariff dividend," is also making headlines. He has promised a "tariff dividend" of at least $2,000 to every American. Experts see this as an attempt to calm the anger generated by rising inflation and policy backlash.