15 April 2025 | Dollar

Trump's tariff policy comes under fire from former US Treasury Secretary

Trump's tariff policy comes under fire from former US Treasury Secretary

Janet Yellen, former US Treasury Secretary, has labeled President Donald Trump's tariffs as unreasonable. She described the new administration's trade policy as lacking clarity, suggesting that the American leader's actions are contributing to rising global economic tensions.

The official highlighted falling investor confidence during both Barack Obama's administration and Trump's first term as president. The recent turmoil in bond markets and the weakening dollar have only reinforced her view. However, she believes that current circumstances are not dire enough to warrant immediate central bank intervention.

Yellen expressed confusion over some of the objectives of Trump's tariff campaign, which is based on the trade deficit with each country. She noted that this strategy unfairly impacts economies that have seen their trade deficits grow in recent years, especially those where American companies have diversified their supply chains to reduce dependence on China.

Elena Berseneva MarketCheese
Period: 28.09.2026 Expectation: 4000 pips
Buy USDCAD while US inflation remains sticky
28 August 2026 48
Period: 11.08.2026 Expectation: 740 pips
Go long on Brent crude up to $95
28 August 2026 48
Period: 27.09.2026 Expectation: 4650 pips
Invest in USDJPY up to its all-time high of 164.00
27 August 2026 53
Period: 30.09.2026 Expectation: 500 pips
Sell ​​GBPUSD down to 1.3540
27 August 2026 33
Gold buy
Period: 10.09.2026 Expectation: 300 pips
Buy gold with $4,900 in sight
27 August 2026 51
Period: 30.09.2026 Expectation: 250 pips
Buying EURUSD from 1.1650
26 August 2026 44
Go to forecasts