by Ian Hanchett
Breitbart.com
On Thursday’s broadcast of the Fox News Channel’s “Ingraham Angle,” Treasury Secretary Scott Bessent stated that he isn’t sure tariffs will cause prices to rise because a large amount will be absorbed by both currency and the foreign producers, “But if they do, we could see a one-time, slight increase, and it would be very slight,” and “The ultimate transitory” and inflation will fall on the whole due to other policies.
Host Laura Ingraham asked, “Now, the usual suspects are asking why won’t the tariffs, if they’re raised, create inflation, and to that you say?”
Bessent answered, “Well, Laura, during the great inflation of ’22, ’23, all we heard was that it was transitory. The ultimate transitory, the hit is, if prices go up, and I’m not sure they will, because a huge amount is absorbed by the currency, a big amount is absorbed by the foreign producer.