Bessent says inflation rise 'has nothing to do with tariffs'
NeutralU.S News

- Treasury Secretary Scott Bessent stated that the recent rise in inflation is not linked to President Trump's tariffs during an interview on NBC News's 'Meet the Press.' He addressed the administration's decision to roll back tariffs on over 200 food products, emphasizing that these changes are not the cause of inflationary pressures.
- This statement is significant as it reflects the administration's stance on economic policy amidst rising grocery prices and inflation concerns, aiming to clarify the impact of tariffs on the economy.
- The discussion around tariffs and inflation ties into broader economic themes, including the administration's optimism about avoiding a recession despite challenges in certain sectors, and the ongoing debate about trade policies and their effects on consumer prices.
— via World Pulse Now AI Editorial System



