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International Business Times
International Business Times
National
AFP News

Trump's Tariff Plans May 'Derail' US Inflation Progress: Yellen

US Treasury Secretary Janet Yellen warned that President-elect Donald Trump's sweeping tariff proposals could raise prices for consumers and pressure firms (Credit: AFP)

US President-elect Donald Trump's proposals to impose sweeping tariffs on imports could counter earlier efforts to cool inflation, Treasury Secretary Janet Yellen said Tuesday, warning that consumer prices could rise.

Her comments at the Wall Street Journal's CEO Council Summit come as Trump has vowed broad tariffs of at least 10 percent on all imports, and higher rates on goods from China, Canada and Mexico.

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