{"id":2509617,"date":"2025-11-12T10:40:02","date_gmt":"2025-11-12T15:40:02","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/bessent-says-action-will-be-taken-on-prices-of-coffee-and-bananas\/"},"modified":"2025-11-12T10:41:42","modified_gmt":"2025-11-12T15:41:42","slug":"bessent-says-action-will-be-taken-on-prices-of-coffee-and-bananas","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/bessent-says-action-will-be-taken-on-prices-of-coffee-and-bananas\/","title":{"rendered":"Bessent says action will be taken on prices of coffee and bananas"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">24<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fbessent-says-action-will-be-taken-on-prices-of-coffee-and-bananas%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=2509617&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><p>Treasury Secretary Scott Bessent announced that the U.S. will soon adjust trade policies and tariffs on certain food products, including coffee and bananas, to help ease cost-of-living pressures. Thes products, largely imported due to limited domestic production, have seen important price increases-coffee prices rose nearly 19% over the past year, and bananas almost 7%. While Bessent did not provide specific details about the changes or which countries would be affected, he expressed optimism that consumers would begin to feel financial relief by early 2026. The announcement aligns with calls to reduce tariffs on goods the U.S. does not produce domestically, aiming to lower grocery costs for American consumers amid broader inflation concerns.  <\/p>\n<p class=\"readmore\">\n    <button onclick=\"showReadMore()\" id=\"readmorebtn\">Read more&#8230;<\/button>\n<\/p>\n<hr id=\"line\">\n<span id=\"more\"><\/p>\n<p><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><\/p>\n<div class=\"tdb-block-inner td-fix-index\"><span class=\"tdb-mobile-menu-button\"><i class=\"tdb-mobile-menu-icon td-icon-mobile\"><\/i><\/span><\/div>\n<div class=\"tdb-block-inner td-fix-index\"><span class=\"tdb-header-search-button-mob dropdown-toggle\" data-toggle=\"dropdown\"><i class=\"tdb-mobile-search-icon td-icon-search\"><\/i><\/span><\/div>\n<div class=\"tdb-block-inner td-fix-index\"><\/div>\n<div class=\"tdb-block-inner td-fix-index\"><span class=\"tdb-mobile-menu-button\"><i class=\"tdb-mobile-menu-icon td-icon-mobile\"><\/i><\/span><\/div>\n<div class=\"tdb-block-inner td-fix-index\">\n<div class=\"tdb-drop-down-search\" aria-labelledby=\"td-header-search-button\">\n<div class=\"tdb-drop-down-search-inner\">\n<form method=\"get\" class=\"tdb-search-form\" action=\"https:\/\/www.washingtonexaminer.com\/\"><\/form>\n<div class=\"tdb-aj-search\"><\/div>\n<\/div>\n<\/div>\n<p><a href=\"http:\/\/www.washingtonexaminer.com\/#\" role=\"button\" aria-label=\"Search\" class=\"tdb-head-search-btn dropdown-toggle\" data-toggle=\"dropdown\"><i class=\"tdb-search-icon td-icon-search\"><\/i><\/a><\/div>\n<div class=\"tdb-block-inner td-fix-index\"><\/div>\n<div class=\"tdb-block-inner td-fix-index\">\n<h1 class=\"tdb-title-text\">Bessent promises relief on prices of coffee and bananas as tariffs bite<\/h1>\n<div><\/div>\n<div class=\"tdb-title-line\"><\/div>\n<\/div>\n<div class=\"tdb-block-inner td-fix-index\"><\/div>\n<div class=\"tdb-block-inner td-fix-index\">\n<div id=\"Brid_2395700\" class=\"tpd-featured-video bridtv\"><\/div>\n<p>Treasury Secretary <a target=\"_blank\" rel=\"noopener noreferrer\" href=\"https:\/\/www.washingtonexaminer.com\/tag\/scott-bessent\">Scott Bessent<\/a> said <a target=\"_blank\" rel=\"noopener noreferrer\" href=\"https:\/\/www.washingtonexaminer.com\/tag\/trade\/\">trade<\/a> policies for certain food products, such as <a target=\"_blank\" rel=\"noopener noreferrer\" href=\"https:\/\/www.washingtonexaminer.com\/tag\/food-and-beverage\/\">coffee and bananas<\/a>, will soon be changed in an effort to ease cost-of-living concerns.<\/p>\n<p>Bessent made the announcement on Wednesday on Fox News. However, he didn&rsquo;t provide any specifics about what the changes to trade policy might be or which countries could see their tariff levels change in order to incentivize shipments to the United States.<\/p>\n<div class=\"recommended-stories\">\n<h2>Recommended Stories<\/h2>\n<ul>\n<li><a href=\"https:\/\/www.washingtonexaminer.com\/policy\/finance-and-economy\/3883532\/downside-2000-tariff-dividend-checks-inflation\/\">Downside of $2,000 tariff dividend checks: Inflation<\/a><\/li>\n<li><a href=\"https:\/\/www.washingtonexaminer.com\/news\/white-house\/3883260\/trump-honeymoon-finally-over-guardrails\/\">Why Trump 2.0 honeymoon may finally be over: &#8216;Yes DJT has hit some guardrails&#8217;<\/a><\/li>\n<li><a href=\"https:\/\/www.washingtonexaminer.com\/news\/white-house\/3883462\/trump-downplays-concerns-over-proposed-50-year-mortgages-not-big-deal\/\">Trump downplays concerns over <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/trump-downplays-concerns-over-proposed-50-year-mortgages\/\" title=\"... downplays concerns over proposed 50-year mortgages\">proposed 50-year mortgages<\/a>: &lsquo;It&rsquo;s not even a <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/marc-eliass-tactics-helped-trump-this-election-washington-examiner\/\" title=\"Marc Elias&#039;s tactics helped ... this election - Washington Examiner\">big deal&#038;rsquo<\/a>;<\/a><\/li>\n<\/ul>\n<\/div>\n<div class=\"article-paywall\">\n<p><strong><a target=\"_blank\" rel=\"noopener noreferrer\" href=\"https:\/\/www.washingtonexaminer.com\/news\/3882054\/trump-cost-of-living-policies-midterm-elections\/\">WHAT CAN TRUMP DO TO HELP COST OF LIVING BEFORE MIDTERM ELECTIONS?<\/a><\/strong><\/p>\n<p>&ldquo;You&rsquo;re going to see some substantial announcements over the next couple of days in terms of things we don&rsquo;t grow here in the United States, coffee being one of them, bananas, other fruits, things like that,&rdquo; Bessent said.<\/p>\n<p>Some have called on the Trump administration to cut tariffs on certain food products for which the U.S. doesn&rsquo;t have significant production capacity. The U.S. imports most bananas and coffee, meaning that the tariffs have caused prices of those products to rise, with no alternative domestic source.<\/p>\n<p>The most <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/lol-ny-times-argues-inflation-will-be-somehow-worse-with-republicans-retaking-congress\/\" title=\"Lol: NY Times Argues ... Will Be Somehow Worse With Republicans Retaking Congress\">recent inflation report showed<\/a> that coffee prices have shot up a blistering 18.9% over the past year. Instant coffee has gone up in price by 21.7%. Banana prices are up nearly 7% in the 12 months ending in September, according to the same report.<\/p>\n<p>The <em>Washington Examiner<\/em> reached out to the Treasury Department for further details about the policy pivot on coffee and bananas.<\/p>\n<p>Grocery prices, in particular, have harmed consumers. The administration has worked to emphasize the food items that have <span style=\"box-sizing: border-box; margin: 0px; padding: 0px;\">seen a price decrease in <a href=\"https:\/\/amzn.to\/3YuVZYV\" >recent months &#038;mdash<\/a>; for instance, by noting that the costs of&nbsp;<a target=\"_blank\" rel=\"noopener noreferrer\" href=\"https:\/\/www.washingtonexaminer.com\/news\/white-house\/3877689\/trump-affordability-issue-dead-falling-thanksgiving-costs\/\">certain Thanksgiving spreads<\/a>&nbsp;have fallen and highlighting that gasoline prices have<\/span> also&nbsp;dipped.<\/p>\n<p>However, costs are up for other grocery items. Meat, poultry, and fish prices, on average, are up 6% over the past year, according to the consumer price index. Ground beef is up nearly 13%. Some vegetables, such as lettuce, are rising in cost faster than overall inflation, while others, such as tomatoes, are below the rate of inflation.<\/p>\n<p><strong><a target=\"_blank\" rel=\"noopener noreferrer\" href=\"https:\/\/www.washingtonexaminer.com\/policy\/finance-and-economy\/3883532\/downside-2000-tariff-dividend-checks-inflation\/\">DOWNSIDE OF $2,000 TARIFF DIVIDEND CHECKS: INFLATION<\/a><\/strong><\/p>\n<p>During the Wednesday interview, Bessent also expressed optimism that consumers will get some cost-of-living relief in the coming months. He said &ldquo;the American people are going to start feeling better&rdquo; in the first part of 2026.<\/p>\n<p>Bessent once again said there are several options on the table when asked about <a target=\"_blank\" rel=\"noopener noreferrer\" href=\"https:\/\/www.washingtonexaminer.com\/news\/white-house\/3882706\/trump-2000-dollar-tariff-dividend-checks-how-rebate-payments-could-work\/\">Trump&rsquo;s push for<\/a> $2,000 tariff rebate payments.<\/p>\n<\/div>\n<\/div>\n<div class=\"tdb-block-inner td-fix-index\"><\/div>\n<div class=\"tdb-block-inner td-fix-index\"><\/div>\n<p><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bessent vows tariff changes to lower coffee, banana costs<\/p>\n","protected":false},"author":3360,"featured_media":2509618,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/www.washingtonexaminer.com\/wp-content\/uploads\/2025\/11\/AP25309790031620.jpg?w=696","fifu_image_alt":"","footnotes":""},"categories":[33651],"tags":[66939,45545,13634,4590],"class_list":["post-2509617","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-the-western-journal","tag-bananas","tag-bessent","tag-coffee","tag-prices"],"fifu_image_url":"https:\/\/www.washingtonexaminer.com\/wp-content\/uploads\/2025\/11\/AP25309790031620.jpg?w=696","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2509617","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/3360"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=2509617"}],"version-history":[{"count":3,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2509617\/revisions"}],"predecessor-version":[{"id":2509621,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2509617\/revisions\/2509621"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2509618"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=2509617"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=2509617"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=2509617"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}