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,

Trump on Wednesday called tariffs "the most beautiful word in the world," arguing that they would fuel U.S. manufacturing growth.

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