“Treasury Secretary Scott Bessent indicated that the Trump administration would soon unveil reductions in import duties on coffee, bananas and other foods — taking action after voter anger over the cost of living saw Republican reversals in state elections last week,” Bloomberg reports.

Said Bessent: “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, bananas, other fruits, things like that.”

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