Minister of the Treasury, Scott BesantHe pointed out that the government Donald Trump Will be announced soonReducing customs duties on imports of coffee, bananas and other foods, In response to voter unrest over the cost of living, which led to Republican setbacks in state elections last week.
“In the next few days there will be some Important announcements regarding products we don’t grow here in the United States, “Like coffee, bananas, other fruits, things like that,” Picent said Wednesday on Fox News.
The Treasury Secretary did not specify whether he was referring to this Customs duty reductions or which countries will be included, Nor whether the measure will apply to specific products or in general. The White House, Office of the Trade Representative and the Treasury Department did not immediately respond to requests for comment.
Authoritarians don’t like this
The practice of professional and critical journalism is an essential pillar of democracy. This is why it bothers those who believe they are the bearers of the truth.
Trump’s tariffs would widen the gap between North and South
Besant also confirmed this “Americans will begin to feel calm.” Regarding affordability in the first half of next year. He pointed out that wages will rise above inflation “in the first and second quarters of next year.”
The minister once again blamed the Biden administration for inflation problems, explaining this “We inherited this affordability disaster.”
Tariff profits checks
In response to a question about President Donald Trump’s proposal to send $2,000 “tariff dividend” checks for Americans, Pisant said no decision has been made yet.
He added: “There are many options on the table.” “The president is talking about returning $2,000 to families Those who earn less than $100,000, for example.”
Besant also highlighted this The “large” tax refunds will be distributed in 2026, When retention rates are adjusted, it leads to “real and natural wage growth,” he said.
Trump and his advisors were emphasizing his economic policies after the election Republican defeats in elections such as those in Virginia and New Jersey, Democrats criticized their rivals for their concerns about rising prices for basic goods such as public services, housing, and health care.
About The Author
