Posted on 12/08/2021 7:00:30 AM PST by blam
United States Treasury Secretary Janet Yellen, an economic globalist, is seemingly waving the white flag on globalism, suggesting that economic nationalist policies will be “necessary” to reshoring supply chains to the U.S. from overseas.
During an online conference this week, Yellen admitted that it is so-called “protectionist” policies that will be vital in reshoring supply chains back to the U.S. to avoid the current ongoing crisis where supply chains have significantly disrupted the American economy.
“It’s possible that policies that people will describe as protectionist are going to be necessary in order to create the appropriate incentives to produce things at home,” Yellen said, according to Bloomberg.
Though admitting that an economic nationalist approach to supply chains will be necessary, Yellen stuck to her globalist mantra, suggesting that not all goods can be made in America:
The Treasury chief also said, “certainly we want to work with other countries — with our allies and partners — to address supply-chain resilience on a collective basis,” in remarks aired Tuesday. “So, I don’t think this is just about the United States making everything at home, but in some cases that may be part of the answer.” [Emphasis added].
The remarks come after Yellen claimed to Reuters in an interview last week that U.S. tariffs on China-made products were contributing “to higher prices in the United States” though, again, admitting that cutting tariffs would have a minimal impact on inflation.
“It’s not a game-changer but I think the tariffs do contribute to higher prices in the United States and the Trump tariffs that were put in place, some of them create problems without having any real strategic justification,” Yellen said.
As the Coalition for a Prosperous America recently noted, a number of multinational corporations who make their products overseas
(snip)
(Excerpt) Read more at breitbart.com ...
Globalists, like communists, never wave the white flag, ever.
Really, what a foolish premise. Yellen, the globalist, is going convert to a MAGA trade proponent to alleviate the pain of average Americans. In a pig’s eye.
There is strategic economic justification for tariffs when importers of goods are
supported by their government with subsidies for their product.
This little...and I do mean LITTLE...Twerp is turning out to be a moron.
What an administration!!
Didn’t globalists just scr** the pooch with the international 15% tax mandate?
Stop wasting money on climate change crap. We need fossil fuels more than ever.
About 25 years late.
This administration if full of morons, from the top on down.
Precisely.
This administration if full of morons, from the top on down.
You mean we might have to be self sufficient again?! 🤪
Like MAGA but you can’t say that cause you’re a libtard? 🤔
Does this possibly mean that consumers actually look at and prefer “Made (and sourced) in USA” labels? Oooh. Boycotts work?
Many a liberal TWOT has been preaching against this idea for ages. Could they be wrong (lying)?
This is nothing but lip service to deflect having to reveal any actual plans.
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