Former US Treasury Secretary Yellen: Significantly increased possibility of US economic recession

Former US Treasury Secretary Yellen said that the US government's tariff policy will have "extremely adverse" effects on the United States, affecting both American consumers and businesses negatively. Due to the impact of the tariff policy, the possibility of a US "economic recession has significantly increased." The previous day, former US Treasury Secretary Summers also said that the market predicts a 70% chance of the US economy entering a recession this year. If the US government does not adjust its economic policies soon, then the economic situation in the US will only worsen, and the US is currently on the wrong path.