Treasury Secretary Janet Yellen criticized former President Donald Trump after he floated replacing at least parts of U.S. income taxes with higher tariffs on imported goods.. Trump outlined the ...

Treasury Secretary Janet Yellen strongly disagreed with former President Donald Trump’s idea to reduce federal income taxes and replace them with increased tariffs to compensate for the lost ...

Treasury Secretary Janet Yellen publicly criticized a proposal by former President Donald Trump to replace parts of the U.S. income tax with increased tariffs on imported goods.

Former Treasury Secretary Janet Yellen weighed in on the Trump administration’s trade war Friday evening, blasting President Trump’s latest roll-out of import taxes on nearly all trading partners.

Ms. Yellen has been a longtime skeptic of tariffs. She has described them as “taxes on consumers” and has argued that some of the tariffs Mr. Trump imposed on Chinese imports should be reversed.

Former Treasury Secretary Janet Yellen weighed in on the Trump administration’s trade war Friday evening, blasting President Trump’s latest roll-out of import taxes on nearly all trading partners.

Yellen is also expected to defend President Joe Biden’s own tariffs on Chinese-made vehicles. Between 2018 and 2020, the Trump administration raised taxes on U.S. imports from China by more than ...

Trump's idea to replace the US income tax with tariffs notched criticism from two Treasury secretaries. "This is a prescription for the mother of all stagflations," Larry Summers told Bloomberg TV.

President Donald Trump has high aspirations for his tariffs, going so far as to suggest increased taxes on imports could replace income taxes. "There's a real chance," he told Fox Noticias on ...

President-elect Donald Trump has said his tariffs will raise revenues, boost U.S. jobs, and help stop the drug trade. But some of these goals are at odds with the others.