US Treasury Secretary Bessant: Major tariff news expected in the coming days

PANews reported on November 12th that, according to Jinshi Data, US Treasury Secretary Bessenter stated that the economy was in good condition before the shutdown. The government shutdown caused a "minor setback" in the economy. Significant tariff news is expected in the coming days, including tariff reductions for coffee and other goods. Bananas and other fruits will also receive tariff reductions. It is anticipated that Americans will begin to feel better about the economy in the first and second quarters of next year. Real income is expected to rebound in the first and second quarters. The large-scale tax refunds are reiterated and will arrive in early 2026. There will be multiple channels for distributing tariff benefits. The issue of tariff benefits is under discussion and no decision has been made yet. US President Trump has discussed providing a $2,000 tax refund to families with incomes below $100,000.

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