Markets

Trump tariffs to have a tremendously harmful effect

Former US Treasury Secretary Janet Yellen said Thursday that US President Donald “Trump's tariffs have a tremendous impact on the economy.”

Additional comments

They “drag” companies based on the equipment of critical minerals from China.

Approximately 40% of the goods imported in the country was input for domestic production.

The coefficients of the recession have increased.

Tariffs may be particularly problematic for the US pure energy sector.

We are largely from China for most critical minerals that go into pure energy technologies.

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