The former US Treasury Secretary claims that the imposition of tariffs is beneficial to the United States and is a fraud
2025-04-13 00:47:49
On the 11th local time, Lawrence Summers, the former US Treasury secretary, said on a TV program: "The level of tariffs now is more than ten times higher than when the United States launched the trade war in 2018. I think any statement that'tariffs have other [positive] effects' other than making prices higher is fundamentally fraudulent." He also said that the US government's policy of arbitrarily increasing tariffs is very dangerous. He said, "This is the worst economic policy and the worst self-harm of the United States since the Second World War." (Jin 10)
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