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Tariff Relief Coming Soon Coffee Bananas Treasury Secretary Scott

Sherwood News

Starbucks jumps as Treasury Secretary Scott Bessent says tariff relief on coffee is imminent

The Washington Examiner

Bessent says action will be taken on prices of coffee and bananas

Bessent says 'substantial' tariff relief on coffee and bananas is coming soon

Newsmax

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Axios

Coffee Prices Inflation Groceries Bessent

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U.S. Department of the Treasury

Remarks by Secretary of the Treasury Scott Bessent before the Treasury Market Conference

Substack

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"The prices of electronics would definitely go up."

The tariffs will "increase prices for everything that's imported, and that includes food."

Trump tariffs would "raise prices even more for consumers."

"I am extremely confident that food will get more expensive."

Trump's tariffs would "increase the cost of US manufacturing."

"Trump is about to make every American pay even more for coffee."

"Tariffs would disrupt supply chains and increase production costs."

Will the Proposed Trump Tariffs Increase the Price of Groceries/Goods/Services?

Treasury Secretary Scott Bessent announced Wednesday that the Trump administration plans to make substantial announcements within days regarding tariff relief on imported items not grown domestically, including coffee and bananas.</span

Treasury Secretary Scott Bessent announced Wednesday that the Trump administration plans to make substantial announcements within days regarding tariff relief on imported items not grown domestically, including coffee and bananas.

Coffee prices reached $9.14 per pound in September, representing a 41% increase from the previous year, while banana costs rose approximately 5% since April when Trump's Liberation Day tariffs were first implemented.</span

Coffee prices reached $9.14 per pound in September, representing a 41% increase from the previous year, while banana costs rose approximately 5% since April when Trump's Liberation Day tariffs were first implemented.

The United States imposed a 50% tariff on Brazil, the country's primary coffee supplier, partly due to Brazil's legal proceedings against former president Jair Bolsonaro, who is considered a major Trump ally.</span

The United States imposed a 50% tariff on Brazil, the country's primary coffee supplier, partly due to Brazil's legal proceedings against former president Jair Bolsonaro, who is considered a major Trump ally.

Coffee futures traded in New York jumped approximately 20% this year and nearly 45% over the past 12 months, driven by both higher tariffs and drought conditions in Brazil affecting production capacity.</span

Coffee futures traded in New York jumped approximately 20% this year and nearly 45% over the past 12 months, driven by both higher tariffs and drought conditions in Brazil affecting production capacity.

President Trump faces pressure to address grocery affordability after Democrats successfully campaigned on cost-of-living issues in recent elections in Virginia, New Jersey and New York City.</span

President Trump faces pressure to address grocery affordability after Democrats successfully campaigned on cost-of-living issues in recent elections in Virginia, New Jersey and New York City.

Bessent predicted Americans will begin experiencing economic relief in the first or second quarter of 2026 when inflation decreases and real wages increase, with those trend lines expected to cross favorably.</span

Bessent predicted Americans will begin experiencing economic relief in the first or second quarter of 2026 when inflation decreases and real wages increase, with those trend lines expected to cross favorably.

Trump Plans Tariff Relief on Coffee, Bananas Amid Price Surge

BessentTrump suggestsPlans tariffTariff reliefRelief foron coffeeCoffee, fruitBananas Amid Price Surge

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