When taxing an imported product begins creating politically uncomfortable consequences, the solution repeatedly turns out to be…taxing it less.

What do coffee, beef, bananas, oranges, tomatoes, cocoa, tea, spices, tropical fruit, fertilizer, potash, automobiles, auto parts, smartphones, computers, and Chinese manufactured goods have in common? Quite a lot, as it turns out.

Over the past year and a half, the Trump administration imposed or expanded tariffs affecting every one of them. Depending upon the product and country of origin, the additional duties ranged from 10% or 25% to considerably higher levels. And then something curious happened: tariffs on all or substantial portions of those goods were reduced, suspended, exempted, offset, or removed.

But not because tariffs raise prices. Certainly not.

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