**Yellen's Critique on Tariffs Signals Shift in Democratic Trade Policies**

In a noteworthy speech slated for this Thursday, Treasury Secretary Janet Yellen is set to deliver a strong critique against sweeping tariffs. Her remarks, while indirectly targeting former President Trump, also reflect evolving perspectives within the Democratic Party.

Yellen's speech at the Council on Foreign Relations will elaborate on the perils of imposing high tariffs indiscriminately on both allies and rivals. As per remarks obtained by Axios, Yellen asserts that such approaches are "deeply misguided." The context of her speech is particularly significant given the potential for Vice President Kamala Harris to become the next president, bringing into question her stance on trade barriers.

Harris' political strategy centers on appealing to moderate, pro-business voters, particularly given her background in California—a state with a robust trading economy. This backdrop suggests she might oppose widespread tariff use, contrasting with President Biden’s current policies.

However, Yellen is also expected to defend the Biden administration's selective tariffs aimed at countering China's substantial subsidies in industries such as electric vehicles. The administration argues that China’s subsidies could harm global competitiveness in future-oriented industries.

This pivot away from broad tariffs harks back to the Clinton-Obama era enthusiasm for free trade, a sentiment that has waned during the tenures of Trump and Biden. Nonetheless, advocates of free trade remain undeterred and continue to voice their perspectives.

In case Trump wins the upcoming election but Democrats retain control of the House, Washington is likely to face severe political gridlock. Trump's notorious strained relations with elected Democrats and his firm belief in the expansive power of the presidency could intensify the struggle.

Adding to the tension, Trump’s recent inflammatory rhetoric is causing discomfort among Republicans as they campaign. His comments are prompting surrogates to revive disclaimers similar to those used in 2016, urging voters to "Take him seriously, not literally."

Recently, at the Economic Club of Chicago, Trump received a warm reception, even in the typically Democratic-leaning state of Illinois. His declaration of plans to implement "the highest tariff in history" and optimistic remarks about the 2020 election's power transfer might resonate with a significant portion of Illinois voters, as evidenced by his past performances in the state.

The unfolding events highlight a critical juncture in U.S. trade policy and political dynamics, setting the stage for contentious debates and crucial decisions in the months ahead.