U.S. Treasury Secretary Scott Bessent revealed plans for substantial announcements aimed at reducing prices of goods like coffee and bananas that aren't domestically grown. Speaking on Fox News, Bessent suggested these measures would quickly restore consumer confidence, as the U.S. signals a potential reduction in specific import tariffs.

Driven by recent Democratic election victories highlighting affordability concerns, the administration contemplates economic relief strategies, including rebate checks underpinned by tariff revenues. The discussion continues on further solutions, such as a proposed $2,000 rebate check for those earning below $100,000 annually, although no decisions have been finalized.

President Trump reiterated the intention to reduce some coffee import tariffs while o

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