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Treasury Secretary Scott Bessent discusses inflation in the US economy, tariffs and the Economic Club of New York. (Eky)
Secretary of the Treasury Scott bet On Thursday, inflation raised the inconvenience that raised consumer prices recalled the concerns about the tariffs, it will simply cause a “price arrangement.”
Bessent conveyed speeches in New York’s economic club and participated in the Question and Answer in Fox Business Network Larry Kudlow The tariffs were asked to whether inflation.
“See, can tariffs be a disposable price adjustment?
“And ‘OH, tariffs are a tax, inflation,’ You say this inflation I like to challenge many of my democratic friends,” he said.
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Treasury Secretary Scott Bessent said he was not worried about inflation in the US economy. (Getty Images / Victor J. Bloomberg via Getty Images)
Bessent also said Trump management The economic policy took into account the entire government and noted that the president’s election victory has declined along with crude oil prices since the subsequent opening, so do not worry about inflation.
“The economic program is a government, unified program and I think we can get a disposable price regulation,” said Bessent, “Surrending”, I do not worry about inflation. “
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Trade partners, including President Donald Trump, Canada, Mexico and China, also signed the rules of execution of mutual tariff policy to enter into force next month. (Washington Post via Jabin Botsford / Getty Images / Getty Images)
How did Bessent discuss Trump’s tariffs “To reconstruct the International Economic System” to the International Economic System “to keep the interests of the American people in the world’s protection and” the first and last bread consumer “and” absorb more on the demand in the internal models of other countries. “
“The input of cheap goods is not the essence of American dream,” Bessent said. “American dream is rooted in the concept of any citizen to achieve prosperity, upper mobility and economic security.”
The tariffs continued to say that international economic relations that do not work for this will create a multilateral trade deal and aspects to reconsider America’s people“
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“These tariffs are the international trade system, the international trade system, the ingenuity, security, security, rules and stability, intellectual property, and non-tariff barriers, and non-tariff barriers and Dracon rules.