👉 Bessent: we did not see any inflation from the tariffs, they are not inflationary.

The U.S. Treasury Secretary, Scott Bessent, said that no inflation has been seen as a result of the tariffs, which he believes are not inflationary, in an interview with CNBC on Thursday. "You might see a one-time price increase due to the tariffs. But in terms of widespread economic inflation, I don't think they cause that," he mentioned.

According to Bessent, the comments that the tariffs would harm the economy and the markets did not materialize. "The market had the fastest recovery of all time, since the low in April. And we are at new highs in the market," he defended.