Scott Bensten says Trump’s tariffs will not lead to an increase in inflation

Finance Minister Scott Bensten said on Sunday that the president Donald Trump The proposed tariffs are unlikely to increase inflation, partly because China will “eat any tariffs that continue.”

Beshent’s comments come just two days before the tariffs are planned to come into force on Tuesday. Trump is expected to impose 25% import tariffs from Mexico and Canada. The president has also announced that the United States will impose an additional 10% duty on Chinese imports at the top of the 10% tariff, which he imposed on the side on February 4.

Some economists have expressed fears For the possibility of tariffs to lead to an increase in inflation and Keep the interest raised in 2026S

Besten was asked in an interview with CBS’s Face the Nation “What affects the rates on the average household.

“Well, we don’t know yet, because it depends on the road, but what I can tell you is that I’m not worried about China,” Beshen said. “China will pay for tariffs because their business model is making their way to this inflation.”

“They will eat any tariffs that continue,” Besten added.

The Chinese Ministry of Trade He said Friday The fact that “firmly opposes” of Trump’s last march and swore to avenge if necessary. After the United States accepted an initial circle of tariffs in February, China raised its obligations to certain US energy imports and added two US companies to a list of unreliable subjects. Experts have suggested that China can again take similar measures after adding fresh tariffs.

“If the US insists in its own way, China will take all necessary counteraction measures to protect its legal rights and interests,” a spokesman for the Ministry of Trade told CNBC.

Bestent was asked on Sunday for His comments last week The fact that Mexico suggested that US tariffs be compared to China so that it would not be hit by Trump’s rates. He also called on Canada to follow Mexico’s proposal.

“We’ll see. The Mexican leadership has suggested that it does,” Beshent said. “We haven’t heard from the Canadians, but I think that would be a very good start.”

He added that messages from the parties could come on Tuesday, “or maybe the tariff wall is rising and then we see what is happening from there.”

Watch: China is condemned to avenge if necessary after Trump threatens tariff hikes