In a bid to tackle rising living costs, U.S. Treasury Secretary Scott Bessent announced upcoming strategies focused on reducing import tariffs on consumer goods like coffee and bananas. The Secretary, speaking on 'Fox and Friends,' assured that these new tariffs would help in easing the pressures on the American wallet by early 2026.

These developments come on the heels of significant Democratic victories in elections across New Jersey, New York, and Virginia, where affordability was front and center. As Republicans contemplate their next move, former President Donald Trump suggested measures like $2,000 rebate checks for households earning under $100,000 per year, though these ideas remain in discussion stages.

The potential lowering of coffee tariffs, particularly from producing giants

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