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Posted: 2025-04-20 02:37:56 UTC
This article contains some claims that remain unverified. While much of the content may be accurate, exercise care when relying on this information.
This article contains some claims that remain unverified. While much of the content may be accurate, exercise care when relying on this information.
Status
Last Updated
2025-04-20 02:38:53 UTC
Verified By
Rollup News
Former US Treasury Secretary Yellen criticizes the Trump team's tariff war, stating that tariffs will not reduce trade deficits and that the return of American manufacturing is a pipe dream. She also hopes China will not sell off US debt, suggesting a strategy for RMB internationalization by leveraging existing dollar assets.
Tariffs are ineffective in reducing trade deficits.
The return of American manufacturing is unlikely.
China should not sell off US debt.
RMB internationalization can be achieved by leveraging existing dollar assets.
Tariff wars and their ineffectiveness.
The difficulty of bringing back American manufacturing.
The limitations of simply selling off US debt.
The potential for extreme measures like freezing Chinese foreign exchange assets.