U.S. Treasury Secretary: No Reason for Recession, Will Allocate Tariff Rates to Each Country Individually

BlockBeats News, March 18th, U.S. Treasury Secretary Yellen stated that the foundation of the U.S. economy is strong, and there is no reason for a recession, while rejecting the notion of guaranteeing a recession will not occur. Yellen said, "I can't guarantee anything."

Regarding the upcoming reciprocal tariffs set to be announced on April 2nd, Yellen stated, "I haven't seen the relevant numbers yet. This process will involve assigning specific tariffs to each trading partner. In some cases, a country may avoid reciprocal tariffs. Other trading partners may seek to negotiate lower tariff levels after receiving a quota." (FXStreet)