{"id":1095781,"date":"2021-12-07T18:29:06","date_gmt":"2021-12-07T23:29:06","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1095781"},"modified":"2021-12-07T18:29:08","modified_gmt":"2021-12-07T23:29:08","slug":"janet-yellen-waves-white-flag-on-globalism-as-made-in-america-companies-thrive-in-supply-chain-crisis","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/janet-yellen-waves-white-flag-on-globalism-as-made-in-america-companies-thrive-in-supply-chain-crisis\/","title":{"rendered":"Janet Yellen Waves White Flag on Globalism as &#039;Made in America&#039; Companies Thrive in Supply Chain Crisis"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"float:left\"><div class=\"counts mashsbcount\">34<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fjanet-yellen-waves-white-flag-on-globalism-as-made-in-america-companies-thrive-in-supply-chain-crisis%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1095781&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><div><img decoding=\"async\" src=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2021\/12\/GettyImages-1236317745-640x335-1.jpg\" class=\"ff-og-image-inserted\" \/><\/div>\n<p class=\"subheading\">United States Treasury Secretary Janet Yellen, an economic globalist, is seemingly waving the white flag on globalism, suggesting that economic nationalist policies will be \u201cnecessary\u201d to reshoring supply chains to the U.S. from overseas.<\/p>\n<p>During an online conference this week, Yellen admitted that it is so-called \u201cprotectionist\u201d policies that will be vital in reshoring supply chains back to the U.S. to avoid the current ongoing crisis where supply chains have significantly disrupted the American economy.<\/p>\n<figure id=\"D-ROS-B1\" class=\"a8d\"><\/figure>\n<figure id=\"M-ROS-B1\" class=\"a8d\"><\/figure>\n<figure id=\"gmxrevmore\" class=\"H\"><\/figure>\n<p>\u201cIt\u2019s possible that policies that people will describe as protectionist are going to be necessary in order to create the appropriate incentives to produce things at home,\u201d Yellen said, <a href=\"https:\/\/archive.md\/kgmez\">according<\/a> to Bloomberg.<\/p>\n<p>Though admitting that an economic nationalist approach to supply chains will be necessary, Yellen stuck to her globalist mantra, suggesting that not all goods can be made in America:<\/p>\n<blockquote readability=\"12\">\n<p>The Treasury chief also said, \u201ccertainly we want to work with other countries \u2014 with our allies and partners \u2014 to address supply-chain resilience on a collective basis,\u201d in remarks aired Tuesday. <strong>\u201cSo, I don\u2019t think this is just about the United States making everything at home, but in some cases that may be part of the answer.\u201d<\/strong> [Emphasis added].<\/p>\n<\/blockquote>\n<p>The remarks come after Yellen claimed to Reuters in an <a href=\"https:\/\/www.youtube.com\/watch?v=pgd9hEIjKQM\">interview<\/a> last week that U.S. tariffs on China-made products were contributing \u201cto higher prices in the United States\u201d though, again, admitting that cutting tariffs would have a minimal impact on inflation.<\/p>\n<figure id=\"M-ROS-B2\" class=\"a8d\"><\/figure>\n<p>\u201cIt\u2019s not a game-changer but I think the tariffs do contribute to higher prices in the United States and the Trump tariffs that were put in place, some of them create problems without having any real strategic justification,\u201d Yellen said.<\/p>\n<p>As the Coalition for a Prosperous America <a href=\"https:\/\/prosperousamerica.org\/wp-content\/uploads\/2021\/12\/211202-ltr-301-exclusions.pdf?vgo_ee=J6X8dLZO4RWp%2BIEXszeXjSrUdxzHjJBuyXL4JXtSUR0%3D\">recently noted<\/a>, a number of multinational corporations who make their products overseas are currently hard at work trying to convince President Joe Biden\u2019s administration to reward them with waivers to avoid tariffs.<\/p>\n<p>Meanwhile, American companies that manufacture in the U.S. are skirting much of the supply chain issues facing multinational corporations who make their products in countries like China, Bangladesh, Vietnam, and India.<\/p>\n<p>\u201cFor businesses that rely on the global supply chain, this holiday season has become particularly stressful,\u201d the <em>New York Times<\/em> <a href=\"https:\/\/archive.md\/k6k9y\">reported<\/a> last week. But at manufacturers like Nanotronics, a science technology company in the Brooklyn Navy Yard that sources most of its components locally, things are going swimmingly.<\/p>\n<p>In Business Insider, <a href=\"https:\/\/archive.md\/tBH4T\">executives with<\/a> U.S. manufacturers like American Giant, Liberty Tabletop, the Vermont Flannel Company, and Arrow + Phoenix said that while they are having a hard time finding workers, inflation, and filling demand, they are avoiding much of the supply chain woes that corporate outsourcers are struggling to grapple with.<\/p>\n<p>\u201cWe don\u2019t spend any time talking about supply chain stuff internally,\u201d American Giant CEO&nbsp;Bayard Winthrop said.<\/p>\n<p><strong><em>John Binder is a reporter for Breitbart News. Email him at jbinder@breitbart.com. Follow him on Twitter&nbsp;<a class=\"x5l\" href=\"https:\/\/twitter.com\/JxhnBxnder\" target=\"_blank\" rel=\"noopener external\">here<\/a>.&nbsp;<\/em><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>United States Treasury Secretary Janet Yellen, an economic globalist, is seemingly waving the white flag on globalism, suggesting that economic nationalist policies will be \u201cnecessary\u201d to reshoring supply chains to &#8230;<\/p>\n","protected":false},"author":14,"featured_media":2315279,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"","fifu_image_alt":"","footnotes":""},"categories":[],"tags":[],"class_list":["post-1095781","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry"],"_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1095781","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/14"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1095781"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1095781\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2315279"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1095781"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1095781"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1095781"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}