US Treasury Secretary Janet Yellen warned that broad, indiscriminate tariff measures would hurt American households and businesses and prevent the US from advancing its economic and security interests. “Calling for a wall to be built around the US by imposing high tariffs on both friends and competitors, or treating our closest allies as trading partners is seriously misguided,” Yellen said in a speech prepared for the Foreign Relations Committee. Yellen issued a warning. She believes that “comprehensive, untargeted tariffs will raise the prices of American households and weaken the competitiveness of our companies.”

US Treasury Secretary Janet Yellen warned that broad, indiscriminate tariff measures would hurt American households and businesses and prevent the US from advancing its economic and security interests. “Calling for a wall to be built around the US by imposing high tariffs on both friends and competitors, or treating our closest allies as trading partners is seriously misguided,” Yellen said in a speech prepared for the Foreign Relations Committee. Yellen issued a warning. She believes that “comprehensive, untargeted tariffs will raise the prices of American households and weaken the competitiveness of our companies.”