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Former U.S. Treasury Secretary says the theory that "imposing tariffs is good for the U.S." is a fraud
2025-04-13 00:46:34

Odaily News Former U.S. Treasury Secretary Lawrence Summers said on a TV show: "The current tariff level is more than ten times higher than when the United States launched the trade war in 2018. I think any talk about "imposing tariffs has other (positive) effects" other than making prices higher is fundamentally fraudulent. The U.S. government's policy of arbitrarily imposing tariffs is very dangerous. This is the worst economic policy and the most serious act of self-harm by the United States since World War II." (Jinshi)