Former US Treasury Secretary Yellen: The possibility of a US recession has greatly increased, and Trump's tariffs will have a huge negative impact

BlockBeats news, on May 2nd, according to the Financial Times, former US Treasury Secretary Yellen warned that Trump's tariffs would have a "huge adverse" impact on the US economy as they "hinder" companies that rely on China's key mineral supplies, and Trump's widespread taxation of trading partners could push the US into recession. The tariff strategy will have extremely adverse effects on the competitiveness of the United States, consumers, and companies that rely on imported raw materials. About 40% of the goods imported by the United States are raw materials used for domestic production. I am not ready to say for sure that I predict a recession, but what is certain is that this possibility has greatly increased