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

Planet Daily News: According to the Financial Times, former U.S. Treasury Secretary Yellen warned that Trump's tariffs will have a "huge adverse" impact on the U.S. economy, as they "hinder" companies dependent on critical mineral supplies from China. Trump's widespread taxation on trade partners could push the United States into a recession. "The (tariff strategy) will have extremely negative effects on the United States, consumers, and the competitiveness of enterprises relying on imported raw materials. About 40% of imported goods in the United States are raw materials used for domestic production. I am not yet prepared to say that I predict a recession, but I can certainly say that the possibility has greatly increased." (Jin Shi)