Trump's Tariff Plans May 'Derail' US Inflation Progress

Yellen says Trump's tariffs could derail US inflation progress, raise costs
U.S. Treasury Secretary Janet Yellen said on Tuesday she was worried that President-elect Donald Trump's plans to levy broad import tariffs could derail progress in quelling inflation and raise costs for households and businesses.
Janet Yellen warns Donald Trump’s sweeping tariffs could ‘derail’ inflation progress
US Treasury secretary Janet Yellen warned the incoming Donald Trump administration against imposing sweeping tariffs, saying they would lead to higher inflation. Donald Trump, who is set to take office next month, has threatened steep tariffs on Canada, Mexico and China — important US trading partners.
Yellen says Trump’s tariffs could derail inflation progress in US
US Treasury Secretary Janet Yellen said on Tuesday she was worried that President-elect Donald J. Trump’s plans to levy broad import tariffs could derail progress in quelling inflation and raise costs for households and businesses.
Trump appeared to admit in ‘Meet the Press’ interview that his tariffs could be inflationary
Donald Trump said in his weekend “Meet the Press” interview with NBC’s Kristen Welker that he can’t guarantee his promised tariffs on key U.S. foreign trade partners won’t raise prices for American consumers.
Trump's Tariff Plans May 'Derail' US Inflation Progress: Yellen
US President-elect Donald Trump's proposals to impose sweeping tariffs on imports could counter earlier efforts to cool inflation, Treasury Secretary Janet Yellen said Tuesday, warning that consumer prices could rise.
New inflation numbers threaten Trump and GOP's plans for tax cuts and tariffs: report
New Labor Department data released Wednesday showed stubborn inflation continued, which could make it difficult for President-elect Donald Trump and his GOP allies to pass certain legislation they've planned.
Janet Yellen Warns Trump Tariffs Could 'Undermine Confidence In Financial Markets' And Raise American Household Costs
U.S. Treasury Secretary Janet Yellen cautioned on Tuesday that President-elect Donald Trump's proposed sweeping tariffs could ...
Janet Yellen on Biden’s Economic Legacy—and How Her Thinking About Trade Has Shifted
The outgoing Treasury secretary also weighed in on Trump’s proposed tariffs and her concerns about the deficit ...
US hits China with new tariffs on solar wafers, polysilicon and tungsten products
In 2023, China produced 80 per cent of the world’s tungsten. None is produced in the US, which is encouraging new investment, ...
Yellen Talks Russia Sanctions, Tariffs and US Deficit
Treasury Secretary Janet Yellen says the US is looking for creative ways to curb Russia's revenue. Speaking with David Gura ...
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China Likely to Retaliate Against Broad-Based Tariffs, Yellen Says
US Treasury Secretary Janet Yellen says China is likely to retaliate against any broad-based tariffs imposed by ...
US imposes import tariffs on Chinese solar wafers, polysilicon by 25-50% starting 2025
"The tariff increases announced today will further blunt the harmful policies and practices by the People’s Republic of China ...
Yellen ‘sorry’ more progress wasn’t made on deficit
Treasury Secretary Janet Yellen is concerned about the nation’s “fiscal sustainability” this week and said she’s “sorry” that ...
Low Global Demand Creates Opportunity for More US Sanctions on Russian Oil, Yellen Says
WASHINGTON (Reuters) - The United States is continuing to look for creative ways to reduce Russia's oil revenue and lower ...
US-China Economy Talks Resume as Yellen Urges Maintaining Links
Treasury Secretary Janet Yellen urged the next US administration to maintain the dialogue channels that she re-established ...
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Yellen's Concerns: Tariffs, Taxes, and Fiscal Stability
U.S. Treasury Secretary Janet Yellen expressed concerns about President-elect Trump's proposed tariffs, fearing they could ...