Former US Treasury Secretary Slams Trump Tariffs as ‘Worst Self-Inflicted Wound’ Ever On A Successful Economy-Business Live
Former US Treasury Secretary Janet Yellen: Trump’s Economic Policies Are ‘Worst Self-Inflicted Wound’ by Any Administration
Former US Treasury Secretary Janet Yellen has said the recent rise in treasury yields likely played a role in former President Donald Trump’s decision to pause planned tariffs.
In an interview with CNN International, Yellen, who is also a former Federal Reserve Chair, Criticized Trump’s Economic Approach, Calling it the “worst self-inflicted wound” and administration has imposed on an otherwise well-functioning economy.
Yellen also expressed concern over the direction of us economic policy under Trump, warning that such measures have increased the likely the Likelihood of a Recession.
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Trump Tariffs on China Now 145%, White House Confirms to CNBC
The overall us tariff rate on Chinese imports has risen to 145%, a white house official has confirmed to cnbc.
The increase follows a new executive order from Donald Trump Raising tariffs to 125%, up from 84%.
An additional 20% tariff, tied to measures targeting fentanyl-related imports, brings the total to its current level.
The Move Marks Another Escalation in US Trade Policy Toward China.