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Treasury Secretary Bessent says tariffs will cause a one-time price bump, not ongoing inflation.
Treasury Secretary Scott Bessent addressed concerns about tariffs causing inflation, stating that they will lead to only a one-time price adjustment and not ongoing inflation.
He defended the Trump administration's economic policies, which aim to benefit American citizens by restructuring international trade.
Despite Bessent's reassurances, some economists still worry that tariffs could push prices higher, complicating the Federal Reserve's efforts to keep inflation around 2%.
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El Secretario del Tesoro Bessent dice que los aranceles causarán un aumento de precios de una sola vez, no una inflación continua.