Scott Bessent says Trump tariffs won’t cause inflation to increase

This president said, Treasury Bessen said on Sunday Donald Trump The proposed definitions are unlikely to raise inflation, partly because China “will eat any tariff that continues.”

Bessent’s comments just two days before the definitions schedule came into effect on Tuesday. Trump It is expected to be imposed 25 % tariffs on imports from Mexico and Canada. The President also announced that the United States will impose an additional duty of 10 % on Chinese imports, in addition to the 10 % tariff imposed on the country on February 4.

Some economists It raised concerns On the possibility that the definitions will lead to an increase in inflation and Maintaining high interest rates to 2026.

Bessent was asked in an interview with CBS ‘”Facing the Nation”, what is the effect of definitions on the regular family.

“Well, we don’t know yet because it depends on the path, but what I can say is that I am not worried about China,” said Pesin. “China will pay the price of a customs tariff because their business model exports its way out of this inflation.”

“They will eat any tariff that continues,” Bessin added.

Chinese Ministry of Commerce He said Friday He “opposes” the last “Trump’s” Trump’s “firmness and pledged revenge as necessary. After the United States enacted an initial round of definitions in February, China raised duties to some US energy imports and added two American companies to an unreliable entity list. Experts suggested that China may take similar measures again after adding fresh tariffs.

“If the United States insists on its own way, China will take all the counter -measures necessary to defend its legitimate rights and interests,” CNBC spokesman told CNBC.

Pesin was asked on Sunday about His comments last week This Mexico proposed matching American definitions to China to avoid a tariff with Trump. He also urged Canada to follow the proposal of Mexico.

“We’ll see. The Mexican leadership offered to do this,” said Pesin. “We haven’t heard from the Canadians, but I think this will be a very good start.”

He added that advertisements from countries can come on Tuesday, “or perhaps the tariff wall rises, then we see what is happening from there.”

He watches: China returns to revenge as necessary after Trump threatens the high tariff