耶伦：中国真该谢谢特朗普，美国这下搞不好要成香蕉共和国了

Core Viewpoint - Janet Yellen, former Federal Reserve Chair and U.S. Treasury Secretary, warns that the U.S. is becoming a "banana republic," indicating a severe alarm regarding national credit and economic stability [1][3]. Group 1: Economic Policy Concerns - Yellen expresses concern over the erosion of the Federal Reserve's independence, particularly due to Trump's demands for immediate interest rate cuts and threats to replace dissenting officials [5][7]. - The independence of the Federal Reserve is crucial for maintaining the credibility of the U.S. dollar, and any political interference could lead to a collapse of the firewall between monetary policy and fiscal discipline [7][10]. Group 2: Trade Policy and Economic Impact - Trump's imposition of tariffs has been described as reckless, with significant negative impacts on American households, potentially costing each middle-class family nearly $2,000 [8][10]. - The increase in tariffs has led to rising costs for various goods, contributing to inflation and a decline in consumer confidence, as evidenced by the Michigan Consumer Sentiment Index hitting a three-year low [8][11]. Group 3: Global Economic Standing - The U.S. manufacturing sector's share of the economy has decreased from 16.5% in the 1990s to 10.3%, while other countries like China maintain a higher percentage [11]. - The U.S. dollar has depreciated over 4% against a basket of major currencies since the announcement of new tariffs, reflecting market concerns about the dollar's credibility [15]. Group 4: Shift in Global Economic Dynamics - There is a noticeable trend of "de-dollarization," with global central banks reducing their dollar reserves and increasing holdings in gold or other currencies, driven by a natural response to the unpredictability of U.S. policies [16][17]. - In contrast to the U.S.'s retreat from international agreements, China is actively pursuing trade agreements, positioning itself as a stable economic partner amid global uncertainties [17][18].