{"id":115304,"date":"2024-10-17T20:25:48","date_gmt":"2024-10-17T13:25:48","guid":{"rendered":"https:\/\/hotvideos24.online\/?p=115304"},"modified":"2024-10-17T20:25:48","modified_gmt":"2024-10-17T13:25:48","slug":"yellen-to-warn-that-sweeping-tariffs-are-deeply-misguided-in-swipe-at-trump","status":"publish","type":"post","link":"https:\/\/hotvideos24.online\/?p=115304","title":{"rendered":"Yellen to warn that sweeping tariffs are \u2018deeply misguided\u2019 in swipe at Trump"},"content":{"rendered":"<p> <script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-3711241968723425\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-format=\"fluid\"\r\n     data-ad-layout-key=\"-fb+5w+4e-db+86\"\r\n     data-ad-client=\"ca-pub-3711241968723425\"\r\n     data-ad-slot=\"7910942971\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><br \/>\n<\/p>\n<div data-editable=\"content\" itemprop=\"articleBody\" data-reorderable=\"content\">\n<p>\n    <cite class=\"source__cite\"><br \/>\n      <span class=\"source__location\" data-editable=\"location\"\/><br \/>\n      <span class=\"source__text\" data-editable=\"source\">CNN<\/span><br \/>\n        \u00a0\u2014\u00a0<br \/>\n    <\/cite>\n<\/p>\n<p class=\"paragraph inline-placeholder vossi-paragraph\" data-uri=\"cms.cnn.com\/_components\/paragraph\/instances\/cm2d80iz0000m2cqngexn19o3@published\" data-editable=\"text\" data-component-name=\"paragraph\" data-article-gutter=\"true\">\n            Treasury Secretary Janet Yellen is set to warn that <a href=\"https:\/\/www.cnn.com\/2024\/10\/16\/business\/tariff-tax-trump-nightcap\/index.html\">proposals for sweeping tariffs<\/a> are \u201cdeeply misguided,\u201d would ramp up inflation and hurt American businesses, offering a clear critique of former President Donald Trump\u2019s economic policy.\n    <\/p>\n<p class=\"paragraph inline-placeholder vossi-paragraph\" data-uri=\"cms.cnn.com\/_components\/paragraph\/instances\/cm2d80tkj00043b6mz0jkpl31@published\" data-editable=\"text\" data-component-name=\"paragraph\" data-article-gutter=\"true\">\n            Yellen is set to deliver the warning during a speech at the Council on Foreign Relations in New York City on Thursday afternoon and comes as economic issues remain a top concern for voters with the election just under three weeks away. Trump has made his call for steep tariffs a key piece of his policy agenda, while Vice President Kamala Harris has warned his tariff plans would raises prices for American families, referring to it as a \u201cTrump tax.\u201d\n    <\/p>\n<p class=\"paragraph inline-placeholder vossi-paragraph\" data-uri=\"cms.cnn.com\/_components\/paragraph\/instances\/cm2d80tkj00053b6muprc6law@published\" data-editable=\"text\" data-component-name=\"paragraph\" data-article-gutter=\"true\">\n            Though she is not expected to mention Trump by name, Yellen, who typically refrains from wading into politics, will argue against across-the-board tariffs and a \u201cgo it alone\u201d strategy on the global stage.\n    <\/p>\n<p class=\"paragraph inline-placeholder vossi-paragraph\" data-uri=\"cms.cnn.com\/_components\/paragraph\/instances\/cm2d80tkj00063b6m25wgrgoi@published\" data-editable=\"text\" data-component-name=\"paragraph\" data-article-gutter=\"true\">\n            \u201cCalls for walling America off with high tariffs on friends and competitors alike or by treating even our closest allies as transactional partners are deeply misguided,\u201d Yellen will say, according to excerpts released by the Treasury Department. \u201cSweeping, untargeted tariffs would raise prices for American families and make our businesses less competitive.\u201d\n    <\/p>\n<p class=\"paragraph inline-placeholder vossi-paragraph\" data-uri=\"cms.cnn.com\/_components\/paragraph\/instances\/cm2d80tkj00073b6msg7o3y4i@published\" data-editable=\"text\" data-component-name=\"paragraph\" data-article-gutter=\"true\">\n            \u201cAnd we cannot even hope to advance our economic and security interests \u2014 such as opposing Russia\u2019s illegal invasion of Ukraine \u2014 if we go it alone,\u201d she will say. \u201cBut the issues we face today, from broken supply chains, to climate change and global pandemic preparedness, to China\u2019s industrial overcapacity, also mean we cannot simply draw from an old playbook.\u201d\n    <\/p>\n<p class=\"paragraph inline-placeholder vossi-paragraph\" data-uri=\"cms.cnn.com\/_components\/paragraph\/instances\/cm2d80tkj00083b6m9lyv18rx@published\" data-editable=\"text\" data-component-name=\"paragraph\" data-article-gutter=\"true\">\n            Trump implemented sweeping tariffs on about $300 billion of Chinese-made products while in office. The Biden administration kept those tariffs in place and in some cases expanded upon them.\n    <\/p>\n<p class=\"paragraph inline-placeholder vossi-paragraph\" data-uri=\"cms.cnn.com\/_components\/paragraph\/instances\/cm2d80tkj00093b6m3ay0yd4y@published\" data-editable=\"text\" data-component-name=\"paragraph\" data-article-gutter=\"true\">\n            Trump has said that, if elected, he would impose tariffs of up to 20% on every foreign import coming into the US as well as another tariff upward of 60% on all Chinese imports. He\u2019s also said he would implement a \u201c100% tariff\u201d on countries that shift away from using the US dollar.\n    <\/p>\n<p class=\"paragraph inline-placeholder vossi-paragraph\" data-uri=\"cms.cnn.com\/_components\/paragraph\/instances\/cm2d80tkj000a3b6m1hvwnejq@published\" data-editable=\"text\" data-component-name=\"paragraph\" data-article-gutter=\"true\">\n            \u201cTo me, the most beautiful word in the dictionary is tariff,\u201d Trump said at the Economic Club of Chicago on Tuesday.\n    <\/p>\n<p class=\"paragraph inline-placeholder vossi-paragraph\" data-uri=\"cms.cnn.com\/_components\/paragraph\/instances\/cm2d80tkj000b3b6mqk7qwhp6@published\" data-editable=\"text\" data-component-name=\"paragraph\" data-article-gutter=\"true\">\n            Trump <a href=\"https:\/\/www.cnn.com\/2024\/10\/16\/politics\/trump-fact-check-john-deere-economy\/index.html\">defended his calls for tariffs<\/a> when pressed about the negative impacts by Bloomberg News Editor-in-Chief\u00a0John Micklethwait, who said it was \u201cjust simple mathematics\u201d that the tariffs would pass on higher costs to American consumers.\n    <\/p>\n<p class=\"paragraph inline-placeholder vossi-paragraph\" data-uri=\"cms.cnn.com\/_components\/paragraph\/instances\/cm2d80tkj000c3b6mk47tilmf@published\" data-editable=\"text\" data-component-name=\"paragraph\" data-article-gutter=\"true\">\n            \u201cNumber one, it\u2019s for the protection that we have here and the new companies that will move in because we\u2019re going to have thousand of companies moving into this country,\u201d\u00a0said Trump, who argued tariffs would have a \u201cpositive, not a negative\u201d effect on the economy.\n    <\/p>\n<p class=\"paragraph paragraph_contributors inline-placeholder vossi-paragraph_contributors\" data-uri=\"cms.cnn.com\/_components\/paragraph\/instances\/cm2d80krh00003b6m45o8h8gs@published\" data-editable=\"text\" data-component-name=\"paragraph\" data-article-gutter=\"true\">\n            CNN\u2019s Jordan Valinsky contributed to this report.\n    <\/p>\n<\/p><\/div>\n<p><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-3711241968723425\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-format=\"fluid\"\r\n     data-ad-layout-key=\"-fb+5w+4e-db+86\"\r\n     data-ad-client=\"ca-pub-3711241968723425\"\r\n     data-ad-slot=\"7910942971\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><br \/>\n<br \/><div data-type=\"_mgwidget\" data-widget-id=\"1660802\">\r\n<\/div>\r\n<script>(function(w,q){w[q]=w[q]||[];w[q].push([\"_mgc.load\"])})(window,\"_mgq\");\r\n<\/script>\r\n<br \/>\n<br \/><a href=\"https:\/\/www.cnn.com\/2024\/10\/17\/politics\/janet-yellen-donald-trump-tariffs\/index.html\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>CNN \u00a0\u2014\u00a0 Treasury Secretary Janet Yellen is set to warn that proposals for sweeping tariffs are \u201cdeeply misguided,\u201d would ramp up inflation and hurt American businesses, offering a clear critique &hellip; <a href=\"https:\/\/hotvideos24.online\/?p=115304\" class=\"more-link\">Read More<\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8629],"tags":[],"class_list":["post-115304","post","type-post","status-publish","format-standard","hentry","category-u-s","entry"],"_links":{"self":[{"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/posts\/115304","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=115304"}],"version-history":[{"count":0,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/posts\/115304\/revisions"}],"wp:attachment":[{"href":"https:\/\/hotvideos24.online\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=115304"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=115304"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=115304"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}