Yellen Criticizes Trump's Tariff Policy Amid GOP Divide
Yellen Criticizes Trump's Tariff Policy Amid GOP Divide

Yellen Criticizes Trump's Tariff Policy Amid GOP Divide

News summary

Former Treasury Secretary Janet Yellen has strongly criticized President Donald Trump's economic policies, particularly his tariff strategy, as a significant detriment to the U.S. economy. Yellen characterized these policies as the 'worst self-inflicted wound' on an otherwise well-functioning economy, predicting potential recession risks and substantial costs for American households. She argued that Trump inherited a robust economy, marked by strong growth and low unemployment, which has since been jeopardized by his administration's tariff measures. The tariffs, especially those on China, have led to market volatility, with stock markets experiencing significant declines despite temporary recoveries. Yellen's assessment reflects broader concerns about the long-term impacts of Trump's economic agenda, suggesting a lack of clear policy direction and potential global economic repercussions. Her commentary underscores a deep divide in how Trump's economic legacy is perceived, with some GOP leaders supporting his approach, while others, like former Vice President Mike Pence, express reservations.

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