This past April saw President Donald Trump impose a series of tariffs as part of his effort to correct the United States' trade balance with many foreign countries.

Yet in a move which has left industry groups cheering, Trump opted to reverse some of the tariffs late last week. 

Move will affect fertilizer and some types of food

According to the Daily Caller, the president signed an executive order on Friday which "implemented necessary and appropriate" changes "to further modify the scope" of goods subject to reciprocal tariffs.

They include "certain agricultural products," including "coffee and tea; tropical fruits and fruit juices; cocoa and spices; bananas, oranges, and tomatoes; beef; and additional fertilizers."

An accompanying fact sheet explained that the change "follows the significant progress the President has made in securing more reciprocal terms for our bilateral trade relationships."

"President Trump’s deals have had and will continue to have broad impacts on domestic production and the economy as a whole, including enhanced market access for our agriculture exporters," it stated.

The document further stressed how "many of the announced trade deals and ongoing negotiations involve countries that produce substantial volumes of agricultural products that are not grown or produced in sufficient quantities in the United States."

Trade association welcomes executive order

The Daily Caller observed that Friday's announcement was met with approval in a statement from the Food Industry Association (FMI).

"FMI is grateful and extremely pleased at President’s Trump’s actions to cut tariffs on a wide swathe of food and agriculture products," it asserted.

"Today’s action should help consumers, whose morning cup of coffee will hopefully become more affordable, as well as U.S. manufacturers, which utilize many of these products in their supply chains and production lines," the statement continued.

"FMI wholeheartedly applauds President Trump’s efforts to provide swift tariff relief on certain food products to help ensure they remain as affordable as possible and accessible for American consumers," it went on to add.

Consumer Price Index showed price increase for some items

Trump's executive order came roughly three weeks after Consumer Price Index data released by the Bureau of Labor Statistics showed spikes in the price of roasted coffee, ground beef, and bananas.

For his part, the president had alluded to a partial suspension of tariffs during an interview last week with Fox News host Laura Ingraham.

"Coffee, we’re going to lower some tariffs," Politico quoted Trump as telling Ingraham. "We’re going to have some coffee come in."