Former U.S. Treasury Secretary: Tariff policies may trigger a vicious cycle, and Trump needs to abandon the current path to reduce risks

Planet Daily News: Former U.S. Treasury Secretary Summers posted on X, saying: "The developments of the past 24 hours suggest that we may be heading towards a serious financial crisis entirely triggered by U.S. government tariff policies. Given government debt and deficit, as well as dependence on foreign buyers, this could trigger various vicious cycles. The only way to mitigate these risks is for President Trump to abandon his current path. This is the first round of financial turbulence caused by the U.S. government."