Trump tariff policy can cause $30 trillion loss, warns former US Treasury Secretary Lawrence Summers

Economists reveal the simple secret to Trump’s ‘crazy’ tariff plan

‘This is to economics what creationism is to biology,’ says Lawrence Summers, ex-treasury secretary and National Economic Council director.

Former Harvard President Lawrence Summers Met Repeatedly with Jeffrey Epstein

Former Harvard president Lawrence H. Summers met repeatedly with and solicited donations from sex trafficker and financier Jeffrey E. Epstein, the Wall Street Journal reported Wednesday.

Trump Tariffs Could Cost $30 Trillion Or About $300,000 Per Family, Says Former Treasury Secretary Larry Summers: 'Most Expensive And Masochistic' - Invesco QQQ Trust, Series 1 (NASDAQ:QQQ), SPDR S&P 500 (ARCA:SPY)

Larry Summers explains that the tariffs imposed by Donald Trump could cost $30 trillion or $300,000 per family of four in the US economy.

Trump tariff policy can cause $30 trillion loss, warns former US Treasury Secretary Lawrence Summers

Summers, who is also the Harvard president, has sharply criticized Donald Trump’s newly announced tariffs, calling them “the most expensive and masochistic” policies the US has pursued in decades.

Summers says Trump tariffs to impose oil-shock type economic hit

Lawrence Summers said Trump’s tariff hikes are set to impose an oil crisis-like shock to the economy that shrinks its capacity. Read on

US President Donald Trump is announcing new tariffs on Thursday, which, according to his statements, will affect all countries and could go into effect immediately. He has already introduced a series of tariffs covering imports of steel, aluminum and automobiles, as well as all goods from China, writes the BBC.