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U.S. Treasury Secretary: The ultimate goal of building a tariff wall is to bring jobs back to the United States

2025.04.08 20:00:20

April 8th. During an interview with CNBC, US Treasury Secretary Yellen declared that the US's raising of tariffs on dozens of countries is a part of the so-called reciprocal tariffs. The aim is to bring trade partners back to the negotiating table and bring job opportunities back to the US. Yellen said, "If we construct a tariff wall, the ultimate objective will be to bring job opportunities back to the US. However, at the same time, we will impose a large number of tariffs." "If we achieve success, to a certain extent, tariffs will be like a melting ice cube. Because as manufacturing facilities are established in the US, you will receive income. And as tariffs decrease, we start to obtain tax revenue from the new industry through wage taxes. There should be a certain kind of symmetry between the two." (Sina Finance)
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