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News in English (USA) / 14.11.2025 / 12:00

Trump Administration Moves to Cut Tariffs Amid Rising Food Prices

In response to ongoing concerns about rising food prices, the Trump administration is taking significant steps to roll back tariffs on key agricultural products, including coffee and bananas. Treasury Secretary Scott Bessent has indicated that substantial tariff relief is imminent, aimed at alleviating grocery costs for American consumers. Reports suggest that tariff cuts could lead to noticeably cheaper prices for coffee and bananas, with potential impacts seen in the markets as stocks for companies like Starbucks climb. Despite past policies that have contributed to inflation in the food sector, the White House signals a shift with measures designed to support affordability as the administration prepares for upcoming elections. Amidst this, consumers are cautiously optimistic about the prospect of lower prices, although some experts warn that not all prices may see immediate relief.
The New York Times, Axios, CNN, The Wall Street Journal, The Daily Beast, Yahoo Finance, Financial Times, Fox Business, Bloomberg.com, Politico