Treasury Secretary Scott Bessent says American families will soon see relief at the grocery store, as the Trump administration prepares to announce sweeping new policies aimed at lowering food costs by easing restrictions on certain foreign imports.
In an interview Wednesday on Fox & Friends, Bessent told host Brian Kilmeade that the administration is ready to act decisively on items the U.S. doesn’t produce in large quantities—like coffee and bananas—to bring immediate price drops.
“You’re going to see substantial announcements over the next couple of days,” Bessent said. “Things we don’t grow here in the United States—coffee being one of them, bananas, other fruits, things like that. So that will bring the prices down very quickly.”
Sec. Scott Bessent: “You’re going to see substantial announcements over the next couple of days in terms of things we don’t grow here… coffee being one of them, bananas, other fruits… That will bring the prices down very quickly.” pic.twitter.com/OlwFniutbk
— Breaking911 (@Breaking911) November 12, 2025
Bessent’s comments come amid mounting pressure over rising grocery costs, especially for imported goods. Coffee prices, in particular, have surged in recent months. According to the Associated Press, the average price for a pound of ground coffee rose 3% in September alone and is up 41% from a year earlier, following the Trump administration’s broad imposition of tariffs on foreign goods. Bananas and other imported fruits have also seen price hikes tied to the trade measures.
President Trump acknowledged last week that Americans are “paying something” at the store as a result of his tariff policy, but emphasized that “the Americans are gaining tremendously” overall.
Bessent echoed that sentiment while promising near-term relief. He called the current economic situation an “affordability mess” inherited from the Biden administration and blamed it for igniting the worst inflationary stretch in half a century.
“It was the worst inflation in 40-50 years, one of the worst in the nation’s history,” he said. “We are fixing it.”
Bessent emphasized that the administration is attacking the problem from both ends—working to lower prices while boosting incomes.
“By the first quarter of next year, Americans will see prices coming down while wages are rising,” he said. “You are going to feel it. I think 2026 is going to be a blockbuster year.”
The broader fight over Trump’s tariff authority continues to unfold in the courts. The Supreme Court recently heard arguments in a case challenging the president’s use of broad executive power to unilaterally impose tariffs under the International Emergency Economic Powers Act (IEEPA). Some justices appeared skeptical of the sweeping scope of Trump’s authority, raising the possibility of legal limits on future trade actions.
Still, Bessent’s remarks signal the administration is forging ahead with immediate plans to stabilize food prices by adjusting import strategies—especially for items where domestic production is limited.
The move is expected to target key consumer staples and could have a noticeable impact on grocery receipts in the months ahead.
The post Bessent Promises Major Food Import Moves To Cut Grocery Prices ‘Very Quickly’ appeared first on Real News Now.
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