Treasury Secretary Bessent Vows Fast Action on Food Imports to Cut Prices

With grocery bills still hammering American families after years of Biden-era inflation, the Trump administration is moving swiftly to deliver real relief starting at the checkout aisle.

Treasury Secretary Scott Bessent announced Wednesday that “substantial announcements” on reducing food import costs are coming within days. These moves, he says, will bring prices down “very quickly” on key grocery items that Americans rely on but don’t grow domestically including coffee, bananas, and other fruits.

“You’re going to see substantial announcements… Coffee being one of them. Bananas, other fruits, things like that,” Bessent said on Fox & Friends. “That will bring the prices down very quickly.”

The bold plan signals that President Trump is once again putting American consumers first, adjusting targeted tariffs to combat short-term price spikes without compromising long-term trade leverage. It also marks a rare, candid admission that tariffs while strategically effective may need to be recalibrated in specific sectors to avoid undue hardship on U.S. households.

• The average price of coffee jumped 41% year-over-year as of September, a direct result of tariffs on top producers like Brazil and Vietnam.

• Banana prices also ticked upward, adding pressure on lower-income families and everyday consumers.

• Under Biden, the nation saw the worst inflation in 40 years, with food costs soaring over 20% between 2021 and 2023.

Bessent made it clear that the "affordability mess" started with Biden, whose reckless spending, anti-energy policies, and open-border chaos ignited an inflation firestorm that families are still paying for today.

“It was the worst inflation in 40-50 years, one of the worst in the nation’s history,” Bessent said, adding that Trump’s economic strategy is now focused on attacking inflation from both ends lowering prices while raising wages.

The Treasury Secretary projected that by the first quarter of 2026, Americans will feel tangible relief in their wallets and if the plan unfolds as expected, 2026 will be a “blockbuster year” for working families.

Meanwhile, the Supreme Court is weighing whether Trump’s bold use of presidential authority on tariffs part of his broader America First trade agenda is constitutional. Early indications suggest skepticism from some conservative justices, but Trump remains confident that presidents must retain the power to act decisively on foreign trade and economic policy.

At the heart of the administration’s plan is a simple principle: make life affordable again for the American people. While the Left obsesses over green subsidies and bloated welfare programs, Trump is focused on what matters cutting costs, raising paychecks, and restoring economic dignity.

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