Alexandria Ocasio-Cortez

The Economist

Nick Marro

Michael Snipes

Karl Schamotta

Robert Handfield

Peterson Institute for International Economics

Arun Sundaram

Alan Siger

National Retail Federation

Gabe Horwitz

Monica Morlacco

Mary Lovely

Felix Tintelnot

Scott Harris

Stephen Tapp

Ed Brzytwa

Michael Clemens

Rachel Friedberg

Steve Hanke

John A. Konrad V

Laurence Ales

Joe Rodriguez

Jean-Baptiste Wautier

"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?

U.S. Treasury Secretary Scott Bessent announced Wednesday that President Donald Trump's administration plans to make "substantial" announcements within days regarding tariff relief on imported items not grown domestically, including coffee and bananas.

The Washington Examiner

The Hill

Axios

U.S. Treasury Secretary Scott Bessent announced Wednesday that President Donald Trump's 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 <a target="_blank" rel="noopener noreferrer nofollow" href="https://www.verity.news/story/2025/trump-set-to-unveil-major-tariff-plan-on-liberation-day">Trump's Liberation Day tariffs were first implemented</a>.

The Washington Times

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 <a target="_blank" rel="noopener noreferrer nofollow" href="https://www.verity.news/story/2025/trump-imposes-tariffs-on-brazil-over-bolsonaro-trial">U.S. imposed a 50% tariff on Brazil</a>, 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.

The U.S. 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.

Trump, who faces pressure to address grocery affordability following <a target="_blank" rel="noopener noreferrer nofollow" href="https://www.verity.news/story/2025/democrats-sweep-va-nj-governor-races-spanberger-makes-history">recent Democratic election wins</a>, has continued to defend his tariffs. He posted on Truth Social on Sunday, "People that are against Tariffs are FOOLS!," adding that his policies are "taking in Trillions of Dollars and will soon begin paying down our ENORMOUS DEBT."

Yahoo Finance

Donald Trump

Truth Social

Trump, who faces pressure to address grocery affordability following recent Democratic election wins, has continued to defend his tariffs. He posted on Truth Social on Sunday, "People that are against Tariffs are FOOLS!," adding that his policies are "taking in Trillions of Dollars and will soon begin paying down our ENORMOUS DEBT."

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

Stocktwits

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.

The Washington Examiner #

The Hill #

Axios #

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 Washington Times #

NBC #

The U.S. 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.

Trump, who faces pressure to address grocery affordability following recent Democratic election wins, has continued to defend his tariffs. He posted on Truth Social on Sunday, "People that are against Tariffs are FOOLS!," adding that his policies are "taking in Trillions of Dollars and will soon begin paying down our ENORMOUS DEBT."

Yahoo Finance #

Truth Social #

Stocktwits #

Trump's tariff relief on coffee and bananas exposes the failure of his own trade policy that drove prices sky-high in the first place. After hiking Brazil tariffs to 50% and watching coffee futures jump 45%, the administration now scrambles to fix self-inflicted damage while inflation rises every month since April.

Trump's tariff relief on coffee and bananas exposes the failure of his own trade policy that drove prices sky-high in the first place. After hiking Brazil tariffs to 50% and watching coffee futures jump 45%, the administration now scrambles to fix self-inflicted damage while inflation rises every month since April.</span

Paul Krugman

Substack

Substack #

Trump Tariff Trouble

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

The Trump administration inherited an affordability crisis from Biden's spending blowout and is systematically fixing it through strategic policy moves. Energy prices hit four-year lows, mortgage rates dropped from over 7% to 6.22%, and targeted tariff relief shows smart economic management that puts American families first.

The Trump administration inherited an affordability crisis from Biden's spending blowout and is systematically fixing it through strategic policy moves. Energy prices hit four-year lows, mortgage rates dropped from over 7% to 6.22%, and targeted tariff relief shows smart economic management that puts American families first.</span

Newsmax

Newsmax #

1234169

U.S. Department of the Treasury

U.S. Department of the Treasury #

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

Lane Turner/The Boston Globe/Getty Images

Lane Turner/The Boston Globe/Getty Images

Trump Plans Tariff Relief on Coffee, Bananas Amid Price Surge

Economic conditions & trends

Agriculture

Governance

United States of America

There's a 33% chance that a recession will begin in the United States in 2026, according to the Metaculus prediction community.

There's a 33% chance that a recession will begin in the United States in 2026, according to the Metaculus prediction community.

Metaculus

US Economic Recession Starts in Listed Year?

Bessent Suggests Tariff Relief on Coffee, Bananas Amid Price Surge

Bessent Suggests Tariff Relief on Coffee, Bananas Amid Price Surge

Bessent Suggests Tariff Relief on Coffee, Bananas Amid Price Surge

TrumpBessent PlansSuggests Tariff Relief on Coffee, Bananas Amid Price Surge

The Spin

Metaculus Prediction

The Controversies

Handfield

Snipes

Tapp

Friedberg

Hanke

Ocasio-Cortez

Wautier

Sign Up for Our Free Newsletters
Sign Up for Our Free Newsletters

Bessent Suggests Tariff Relief on Coffee, Bananas Amid Price Surge

TrumpBessent PlansSuggests Tariff Relief on Coffee, Bananas Amid Price Surge

The Spin

Metaculus Prediction

The Controversies

Handfield

Snipes

Tapp

Friedberg

Hanke

Ocasio-Cortez

Wautier

Sign Up for Our Free NewslettersSign Up for Our Free Newsletters

Sign Up for Our Free Newsletters
Sign Up for Our Free Newsletters