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.”

Zhitongcaijing · 10/17 11:25
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.”