{"id":18048,"date":"2025-05-02T08:43:00","date_gmt":"2025-05-02T00:43:00","guid":{"rendered":"http:\/\/www.tocoin.com\/?p=18048"},"modified":"2025-05-02T19:39:39","modified_gmt":"2025-05-02T11:39:39","slug":"u-s-former-treasury-secretary-yellen-likelihood-of-u-s-recession-significantly-increased-trumps-tariffs-to-have-huge-negative-impact","status":"publish","type":"post","link":"http:\/\/tocoin.com\/index.php\/2025\/05\/02\/08\/43\/00\/18048\/","title":{"rendered":"U.S. Former Treasury Secretary Yellen: Likelihood of U.S. Recession Significantly Increased, Trump&#8217;s Tariffs to Have Huge Negative Impact"},"content":{"rendered":"\n<p>May 2nd, according to the Financial Times, former US Treasury Secretary Yellen warned that Trump&#8217;s tariffs would have a &#8220;huge detrimental&#8221; impact on the US economy as they &#8220;hindered&#8221; companies reliant on key mineral supplies from China. Trump&#8217;s broad taxation of trading partners could push the US into a recession. &#8220;(Tariff strategy) will have an extremely detrimental effect on the US, on consumers, and on companies that rely on imported raw materials for competitiveness. About 40% of the goods imported by the US are used as raw materials for domestic production. I&#8217;m not ready to say I predict a recession, but it is certain that this possibility has greatly increased.&#8221; (Krypton)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>May 2nd, according to the Financial Times, former US Tr [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[20],"tags":[],"_links":{"self":[{"href":"http:\/\/tocoin.com\/index.php\/wp-json\/wp\/v2\/posts\/18048"}],"collection":[{"href":"http:\/\/tocoin.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/tocoin.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/tocoin.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/tocoin.com\/index.php\/wp-json\/wp\/v2\/comments?post=18048"}],"version-history":[{"count":1,"href":"http:\/\/tocoin.com\/index.php\/wp-json\/wp\/v2\/posts\/18048\/revisions"}],"predecessor-version":[{"id":18075,"href":"http:\/\/tocoin.com\/index.php\/wp-json\/wp\/v2\/posts\/18048\/revisions\/18075"}],"wp:attachment":[{"href":"http:\/\/tocoin.com\/index.php\/wp-json\/wp\/v2\/media?parent=18048"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/tocoin.com\/index.php\/wp-json\/wp\/v2\/categories?post=18048"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/tocoin.com\/index.php\/wp-json\/wp\/v2\/tags?post=18048"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}