Treasury Secretary Janet L. Yellen is set to caution that former President Trump’s proposed economic policies, particularly broad tariffs, risk inflating prices and harming business competitiveness in the U.S. economy.
Yellen plans to argue that treating allies as transactional partners and imposing sweeping tariffs would be misguided, increasing prices for American families and undermining U.S. business competitiveness.
Mr. Trump’s potential tariffs could exceed previous ones, with proposals for up to 50 percent levies on foreign goods aimed at incentivizing domestic production, raising concerns about economic repercussions.
Trump has championed tariffs as a primary instrument of economic policy, calling tariffs the 'most beautiful word in the dictionary', highlighting his belief in protectionist strategies.
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