US Secretary Scott Bessent speaks in the White House in Washington on February 3, 2025.
Elizabeth Frantz Reuters
Treasury Secretary Scott Bessent said on Sunday that the president Donald Trump The proposed tariffs are unlikely to raise inflation, partly because China “eats all tariffs.”
Bessent's comments appear just two days before the tariff planning on Tuesday. Asset is to impose 25% of import tariffs from Mexico and Canada. The president also announced that the US will impose an additional 10% duties on Chinese imports, in addition to a 10% tariff, which he applied to the country on February 4.
Some economists They aroused fears about the possibility that tariffs can lead to an increase in inflation and Keep interest rates increased to 2026.
Bessent was asked in an interview about the “face towards the nation” of CBS, what impact tariffs on an average household can have.
“Well, we don't know yet because it depends on the path, but I can tell you that I'm not worried about China,” Bessent said. “China will pay for tariffs because their business model comes out of this inflation.”
“They eat all tariffs that are ongoing,” Bessent added.
Chinese Ministry of Trade said Friday That he “definitely opposes” the latest Trump's tariff journey and promised to take revenge if necessary. After the US introduced the initial round of tariffs in February, China raised their duties in some energy imports in the USA and added two American companies to an unreliable list of entities. Experts suggested that China can take similar funds again after adding new tariffs.
“If the United States belongs in their own way, China will take all the necessary remedies to defend their justified rights and interests,” said spokesman of the Ministry of Trade, CNBC said earlier.
Bessent was asked on Sunday His comments last week that Mexico proposed to match American tariffs to China to avoid hitting Trump's tariffs. He also urged Canada to follow Mexico's proposals.
“We'll see. Mexican leadership offered this, “said Bessent. “We haven't heard of Canadians, but I think it would be a very good start.”
He added that ads from the countries can come on Tuesday, “or maybe the tariff wall increases, and then we see what will happen from there.”
TO WATCH: China vow to take revenge when Trump threatens the tariff increase
