Posted on 05/14/2024 6:11:16 PM PDT by ChicagoConservative27
On Tuesday’s “PBS NewsHour,” Treasury Secretary Janet Yellen predicted that President Joe Biden’s tariffs won’t cause any meaningful price increases for typical families and responded to a question on her criticism of the Trump tariffs as “taxes on consumers” by stating that Biden’s tariffs are different because they’re “are a targeted group of strategic sectors where we have developed a real overdependence on China.”
Yellen said that with the Biden tariff regime, “I don’t think that anything will occur here that would be noticeable to the typical American family. Mainly, these tariff increases serve to protect firms and workers that are being supported by the incentives, the tax incentives, and other incentives in the semiconductor and CHIPS Act and Inflation Reduction Act. These are sectors where American firms are gearing up production, are very able to compete, but they face an unlevel playing field.”
(Excerpt) Read more at breitbart.com ...
My guess is that any effect on families would be transitory.
“Targeted Tariffs”
“It’s different when we do it.”
I’m pretty sure she’s never been right about anything
Summary...
Trump really dumb, evil and hates Americans.
Biden really genius, wholesome and loves Americans.
She's talking about all the tariffs that PedoJoe uses are so specifically targeted to non-American families who won't pay for them because Orange Man Bad had tariffs that were racist and homophobic and misogynist when China is making us overdependent on Chinese things and the CHIPS Act is making a level playing field for semiconductor firms leveling up the playing field, and Trump is Hitler.
Got it?
I wonder what China’s response will be. Certainly something Yellen and her crew of Under-the-Bridge dwellers haven’t considered.
Biden Announces Tariffs on Non-Existent Products from Non-Existent Origination Country-Here’s Why
Does anyone actually listen or care what the geriatric yenta has to say?
This will make sense to those who understand nothing.
You can bet PBS, MSNBC, CNBC and CNN all have panelisets nodding at “But these are different than the Trump ones. The Trump ones hurt so many Americans and the Biden ones are targeted and will help.” “Yes” “Agree” “Yes.”
There are 3 people I will literally celebrate the retirements of. This byatch, Biden and Trudeau. Maybe Pelosi and Schumer too.
Probably order a nice meal and go for a walk knowing they’re gone and they’re never coming back.
Yellin’ is targeting the Middle Class with BiXidenflation.
She’s pure evil.
An incompetent academic.
she’s pissed that the Jewish empire that specializes in buying labor/materials in China then selling them at 10X profit in America is coming to an end, and that directly benefits the USA manuf, not the overseas ones.
China is pissed because their volume will decrease with a +25% added tax to every outbound good headed on export to Americas.
China and the Fed faithful are Communist, hell bent on destroying America from within, this levels the economic playing field in our favor.
Yup, that sums up (in an updated fashion) the Trump tariffs.
It's a pity that Ms Yellen isn't more forthright about the previous admin.
And, as an aside, it's also a shame that little ol' me, who took econ 101 back in the 60s, apparently knows more about the subject than our Secretary of the Treasury.
...tariffs were supposed to be the intended way the Federal Government funded itself.
Exactly
Old Yellen
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