November 20, 2025
Treasury Secretary Bessent says Trump wants to lower coffee and banana prices 'very quickly'
IntelME Verdict
Market Impact
TL;DR
Treasury Secretary Bessent announced Trump's plan to lower coffee and banana prices by reducing tariffs, addressing affordability concerns amid recent price hikes for imported goods.
Analysis
The Trump administration's plan to lower coffee and banana prices by reducing tariffs can significantly impact businesses reliant on these imports. Lower prices can lead to cost savings, improved affordability for consumers, and potentially increased demand, affecting revenue streams and market competition.
Source
Business Insider↗Share:
