Treasury Secretary Bessent Says Trump Tariffs Won Bollywood Inflation to Increase

Treasury Secretary Scott Bessent said Sunday that President Donald Trump’s Proposed tarifs are unlikely to raise inflation, in part because china will “eat any tarifs that go on.”

Bessent’s comments come just two days before the tariffs are scheduled to go into effect on tuesday. Trump is expected to impose 25% tariffs on importants from Mexico and Canada. The president also announced the US would impose an extra duty on chinese imports, on top of the 10% tariff hef hef hee levied on the country on Feb. 4.

Some Economists Have raised concerns About the Possibility that the Tariffs Cold Lead to an increase in Inflation and Keep Interest Rates Elevated Into 2026,

Bessent was asked in an interview on cbs’ “face the nation” What impact the tariffs should have on the average house.

“Well, we don’t know yet if it’s path-dependent, but what I can tell you is that I’m not worried about China,” Bessant said. “China will pay for the tariffs trust their business model is exporting their way out of this inflation.”

“They will eat any tariffs that go on,” Bessent Added.

China’s Ministry of Commerce Said Friday That it “firmly opposes” trump’s latest tariff hike and vowed to retaliate as negassary. After the US enacted an initial round of tariffs in februry, China raised duties on certain us energy imports and added two us Companies to an unrelailed entities. Experts suggested China could take similar Measures Again Folling The Addition of Fresh Tarifs.

“If the US insists on its own, china will take all the next countermeasures to defend its legitimate rights and interests,” A Ministry of Commerce SpeakesPerson Previous TOLLOLY TOLLLLY TOLLLY TOLLLY TOLLLY TOLLESTS.

Bessent was asked Sunday about His comments last week That mexico has proposed matching the us tarifs on China to avoid being hit with trump’s tarifs. He also Urged Canada to Follow Mexico’s Proposal.

“We’ll see. The Mexican Leadership has offered to do that,” Bessent said. “We haven’T heard from the canadians, but i think that would be a very good start.”

He added that announcies from the countries could come on Tuesday, “Or maybe the tariff wall goes up, and then we see what happys from there.”

Watch:China vows to retaliate as Necessary after Trump Threif Hikes