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Former U.S. Treasury Secretary: Tariff Policy Could Trigger Various Vicious Cycles, Risk Mitigation Requires Trump to Abandon Current Path

2025.04.09 19:24:25

On April 9th, former US Treasury Secretary Summers posted on social media: "The developments over the past 24 hours indicate that we might be on the brink of a significant financial crisis that is entirely the result of the US government's own actions through tariffs. Given the magnitude of government debt, the deficit, and the dependence on foreign buyers, this could trigger numerous vicious cycles. The only way to reduce these risks is for President Trump to abandon the path he is currently on. This represents the first round of financial unrest brought about by the US government."
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