American Treasury Secretary Bassett confirmed tonight (Beijing time, November 12) that coffee prices will fall after the upcoming tariff reduction measures, which is a major development. "In the coming days, you will see some major announcements regarding crops not grown in the United States, such as coffee, bananas, and other fruits. These announcements will cause prices to drop quickly."
[Witty] Comment: Isn't it supposed to make America great again? Isn't it supposed to give people $2000 from tariff revenues? The remarks by the US Treasury Secretary can be seen as "confessing without being questioned," openly admitting the impact of tariffs on prices. The statement that coffee prices will fall after tariff reductions actually reflects from the side that previous tariff policies have raised prices. The US uses tariffs as a weapon for trade bullying, hurting both others and itself.
Original: www.toutiao.com/article/1848595159669844/
Statement: This article represents the views of the author himself.