Steel and aluminium tariffs, Trump's reversal: now he plans to reduce tariffs
Voters worry about inflation ahead of mid-term elections
US President Donald Trump has a plan to reduce some tariffs on steel and aluminium products, the Financial Times reported on Friday, citing sources close to the matter.
Officials from the Department of Commerce and the Office of the US Trade Representative believe the tariffs are hurting consumers by raising prices on goods such as cake tins and cans of food and drink, the Financial Times reports.
Voters across the country are concerned about consumer prices and cost-of-living concerns are expected to be an important factor in voters' choice ahead of the November mid-term vote.
A recent Reuters/Ipsos poll shows that 30% of Americans approve of Trump's handling of the cost-of-living increase, while 59% disapprove of it, including nine out of ten Democrats and one in five Republicans.
Last year, Trump hit steel and aluminium imports with tariffs of up to 50 per cent and repeatedly used tariffs as a negotiating tool with a number of trading partners.
