Will lower tariffs bring down prices of coffee, bananas? Experts weigh in

The White House announced framework trade agreements with some Latin American countries in an effort to ease surging prices for grocery staples like bananas and coffee. The framework deals with Argentina, Guatemala, El Salvador and Ecuador will remove levies for some goods from those countries, which currently face a uniform tariff rate between 10% and 15%, a senior administration official told reporters on a background call. The senior administration official could not provide specifics about how much the move would reduce prices. But they did add that the White House expects "some positive effects for prices" on products like coffee , cocoa and bananas. As of September, coffee prices have spiked 18.9%, bananas have jumped 6.9% and beef prices have soared 14.7% in the past year, U.S. Bure