Treasury Secretary Bessent says Trump tariffs won't cause inflation to increase
1. Treasury Secretary announces tariffs unlikely to raise inflation. 2. 25% tariffs on Mexico, Canada; additional 10% on China enacted. 3. China vows to retaliate against U.S. tariff increases. 4. Economists warn tariffs could elevate interest rates into 2026. 5. Mexico may match U.S. tariffs; Canada yet to respond.