Treasury Secretary Scott Bessent said the U.S. economy may be “starting to roll a bit,” as data suggests last year’s red-hot economy is slowing. Bessent said the Trump administration’s moves to transition the economy to one that emphasizes private spending over public spending may require a “detox” period.

U.S. Treasury Secretary Scott Bessent joins 'Squawk Box' to discuss the state of the economy, U.S. foreign trade relations, economic impact of President Trump's tariffs policy, strength of the U.S. dollar,

Treasury Secretary Scott Bessent said that President Donald Trump's tariffs aren't going to cause persistent inflation, but may lead to a one-time price adjustment.