WASHINGTON >> U.S. Treasury Secretary Scott Bessent today said Americans would see “substantial announcements” in the coming days aimed at lowering the prices of products like coffee, bananas and other items not grown in the U.S.

Bessent told the Fox News program “Fox and Friends” that the announcements, which he did not define, would bring down prices “very quickly,” adding that people would start feeling better about the economy in the first half of 2026.

Coffee prices fell sharply today amid signs that the U.S. will cut selected import tariffs, potentially easing supply tightness in the world’s top consuming country.

President Donald Trump and other top officials have focused on reducing the cost of living after a string of defeats for Republican candidates in last week’s elections,

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