Former U.S. Treasury Secretary Yellen: The possibility of a U.S. recession has greatly increased, and Trump's tariffs will have a huge negative impact

Odaily Planet Daily News According to the Financial Times, former US Treasury Secretary Yellen warned that Trump's tariffs will have a "huge adverse" impact on the US economy because they "hinder" companies that rely on China's supply of key minerals, and Trump's extensive taxation of trading partners may plunge the United States into a recession. "(The tariff strategy) will have an extremely adverse impact on the United States, on consumers, and on the competitiveness of companies that rely on imported raw materials. About 40% of the goods imported by the United States are raw materials for domestic production. I'm not ready to say that I predict a recession, but it is certain that the possibility has greatly increased." (Jinshi)