The headline numbers sound large, but the 10 percent duties that President Trump imposed on almost $200 billion of Chinese imports amount to only a fraction of U.S. inflation, Commerce Secretary Wilbur Ross says.

Such a tiny fraction, in fact, that an average American family with an income of $62,000 a year won’t “actually notice it at the end of the day,” he argued in an interview with with CNBC on Tuesday morning.