Treasury Secretary Bessent: 'I'm not worried about inflation' from tariffs
Published On Mar 6, 2025, 3:38 PM
Treasury Secretary Scott Bessent addressed concerns about inflation due to tariffs, claiming that any price increases would just be a one-time adjustment rather than ongoing inflation. He emphasized that tariffs are part of a broader economic strategy to support U.S. interests and foreign trade relations, positing that access to cheaper goods is not central to the American dream. Overall, he is not concerned about inflation in the economy.
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Given the Treasury Secretary's reassurances regarding inflation and the implications for U.S. trade policy, it could indicate a stabilization in consumer prices and an improvement in investor sentiment. Tariffs, viewed as a tool to support domestic industries, could also suggest growth opportunities in sectors benefiting from protectionist measures.
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