(The Center Square) – U.S. Treasury Secretary Scott Bessent said Wednesday that the administration will soon announce tariff cuts to bring down prices for consumers.

"You're going to see some substantial announcements over the next couple of days in terms of things we don't grow here in the United States, coffee being one of them," Bessent said in an interview on Fox News. "Bananas, other fruits, things like that. So that will bring the prices down very quickly."

In a separate interview on Tuesday, Trump mentioned cutting coffee tariffs and said prices would fall, illustrating that the president understands his tariffs are raising prices for Americans. Coffee prices have increased about 18.9%, according to federal data.

This marked the first time Trump publi

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