Former US Treasury Secretary Janet Yellen said on Thursday that US President Donald “Trump’s tariffs to have a ‘tremendously adverse’ impact on the economy.”
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They ‘hobble’ companies that rely on critical minerals supplies from China.
About 40% of goods imported into the country were inputs for domestic production.
The odds for a recession have gone up.
Tariffs could be particularly problematic for the US clean energy sector.
We are highly dependent on China for most of the critical minerals that go into the clean energy technologies.
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