Treasury Secretary Janet Yellen warned on Thursday that “deeply misguided” proposals for sweeping tariffs would ramp up inflation and hurt American businesses, offering a clear critique of former President Donald Trump’s economic policy.

US Treasury Secretary Janet Yellen warned that sweeping, untargeted tariffs would hurt American households and businesses and preclude the US from advancing its economic and security interests.“Calls for walling America off with high tariffs on friends and competitors alike or by treating even our closest allies as transactional partners are deeply misguided,

Treasury chief Janet Yellen is warning that tariffs planned by former President Donald Trump will reignite inflation.