US Treasury Secretary Janet Yellen has criticized former President Donald Trump's proposed tariffs-taxes plan, stating it would make life unaffordable for working-class Americans. In an interview with @ThisWeekABC, Yellen explained that the plan, which includes using tariff hikes to fund income tax cuts, would require tariffs well over 100%, significantly increasing costs for consumers and harming American businesses. She emphasized that these tariffs would apply to all trade partners, further raising consumer costs. She added that it was inappropriate to remove U.S. tariffs on China since they have not addressed U.S. concerns.
US Treasury Secretary Janet Yellen said former President Donald Trump’s proposed tariffs would raise costs for consumers and weigh on American businesses https://t.co/d3fYEcuKrt
US Treasury Secretary Janet Yellen said former President Donald Trump’s proposed tariffs would raise costs for consumers and weigh on American businesses https://t.co/B8XD67YrTs
Tariffs imposed by former President Trump will apply to all trade partners, increasing costs for consumers, says US Treasury Secretary Yellen.
⚠️ YELLEN: **TRUMP TARIFFS WILL BE ACROSS THE BOARD, AFFECT ALL TRADE PARTNERS AND RAISE COSTS TO CONSUMERS **IT WAS INAPPROPRIATE TO REMOVE U.S. TARIFFS ON CHINA SINCE THEY HAVE NOT ADDRESSED U.S. CONCERNS
US TREASURY SECRETARY YELLEN: TRUMP TARIFFS WILL BE ACROSS THE BOARD, AFFECT ALL TRADE PARTNERS, AND RAISE COSTS TO CONSUMERS.
YELLEN: TRUMP TARIFFS WILL BE ACROSS THE BOARD, AFFECT ALL TRADE PARTNERS AND RAISE COSTS TO CONSUMERS
⚠️ U.S. TREASURY'S YELLEN SAYS BELIEVES NEW TARIFFS ON CHINESE GOODS ARE HIGHLY STRATEGIC ** YELLEN: WE ARE REFUSING TO LET U.S. NEW ENERGY PRODUCTS COMPANIES BE PUT OUT OF BUSINESS BY COORDINATED DUMPING FROM CHINA
US TREASURY SECRETARY YELLEN: I BELIEVE THE NEW TARIFFS ON CHINESE GOODS ARE HIGHLY STRATEGIC.
U.S. TREASURY'S YELLEN SAYS BELIEVES NEW TARIFFS ON CHINESE GOODS ARE HIGHLY STRATEGIC
Yellen says Trump’s taxes-tariffs plan would ‘harm American businesses’ https://t.co/qc2kbHfvtE
When asked about the idea Trump’s floating of using tariff hikes as a way to pay for some income tax cuts, Yellen said, “It would require tariffs well over 100%. The impact would be to make life unaffordable for working-class Americans...” per an interview with @ThisWeekABC.
Yellen on Trump’s tariffs-taxes idea: It would ‘make life unaffordable’ - Politico
Yellen on Trump's tariffs-taxes idea: It would ‘make life unaffordable’ https://t.co/r8WkECZzFI