Former U.S. Treasury Secretary says the argument that tariffs are good for the U.S. is fraud

PANews reported on April 13 that according to CCTV News, on the 11th local time, former US Treasury Secretary Lawrence Summers said on a TV program: "The current tariff level is more than ten times higher than when the United States launched the trade war in 2018. I think that in addition to making prices higher, any statement that 'imposing tariffs has other (positive) effects' is fundamentally fraudulent." He also said that the US government's policy of arbitrarily imposing tariffs is very dangerous. He said, "This is the worst economic policy of the United States since World War II, and the most serious act of self-harm."

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Author: PA一线

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