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

Finance professionals should monitor this development closely as lower coffee and banana prices could impact consumer spending habits, inflation rates, and profitability for companies in the food and beverage industry. Changes in tariffs and trade policies can also influence global supply chains and international trade dynamics, affecting investment decisions.

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