Former U.S. Treasury Secretary says the theory that "imposing tariffs is good for the U.S." is a fraud

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ODAILY
04-13
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Planet Daily News: Former U.S. Treasury Secretary Lawrence Summers stated in a TV program: "The current tariff levels are more than ten times higher than when the U.S. launched the trade war in 2018. I believe that any statement about 'additional (positive) effects of imposing tariffs' is fundamentally fraudulent, except for making prices higher. The U.S. government's arbitrary tariff policy is very dangerous. This is the worst economic policy and most severe act of self-harm by the United States since World War II." (Jintop)

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