11 Hrs
Source:
اقتصاد سكاي نيوز عربية
Yellen slams Trump over alliances
Janet Yellen, the former U.S. Treasury Secretary, issued strong criticisms of President Donald Trump for his trade policies, especially the imposition of tariffs on international partners and his manner of dealing with allies, which weakened international relations. She pointed out that these policies have led to increased inflationary pressures, with the tariff rate in the United States reaching 11.2%, costing middle-class families around $920 this year. She also expressed support for affected countries, such as Canada, taking retaliatory measures, emphasizing that collective cooperation is essential to address economic challenges. Moreover, she warned that the weakening of American alliances undermines the United States' ability to confront Chinese policies and geopolitical challenges. Ultimately, she noted that "America First" policies have diminished the United States' standing and caused a decline in trust among allies.
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