Treasury Secretary Scott Bessent on Wednesday touted "substantial" actions in the coming days that he said would lower the prices of coffee and some fruits, among other grocery items.

Why it matters: The Trump administration is fighting a growing affordability crisis, insisting prices will come down even as most consumers have seen their grocery bills rise. • Just as former President Biden couldn't convince people inflation was under control when egg prices were soaring, it's been hard for the Trump administration to make the case its economic policies are working when people are paying 20% more for a cup of coffee.

What they're saying: "You're going to see substantial announcements over the next couple of days in terms of things we don't grow here in the United States," Bessent said i

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