Secretary of the Treasury; scott bessentthe government said: donald trump will be announced soonreduction of import duties on coffee, bananas and other food products; It’s a response to voter concerns about the cost of living that led to a setback for Republicans in last week’s state elections.
“Several things are going to happen in the next few days.” Important notice regarding products not grown here in the United States; Things like coffee, bananas and other fruits,” Bessent said on Fox News Wednesday.
The Treasurer did not say whether he had mentioned it. tariff reduction or which countries are included; It is also unclear whether this measure applies to specific products or in a general manner. The White House, the Office of the Trade Representative, and the Treasury Department did not respond to requests for comment.
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President Trump’s tariffs widen North-South disparity
Mr Bessent further stated: “Americans will start to calm down.” About affordability for the first half of next year. He said wages would rise above inflation “in the first and second quarters of next year.”
The secretary once again criticized the Biden administration for the inflation problem, saying: “We inherited this affordability disaster.”
customs dividend check
Questions about President Donald Trump’s dispatch proposal $2,000 “tariff dividend” checks to Americans; Bessent said no decision has been made yet.
“There are a lot of options on the table,” he said. “President talks about $2,000 refunds to families” For example, people who earn less than $100,000. ”
Mr. Bessent also emphasized: A “significant” tax refund is expected to be issued in 2026. He said adjusting retention rates would result in “substantive and natural wage increases”.
Trump and his advisers have emphasized economic policy since the war. Republicans lost elections in states such as Virginia and New Jersey. There, Democrats criticized their rivals over concerns about rising prices for necessities such as public services, housing and health care.
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