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

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PANews
04-13
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PANews reported on April 13 that according to CCTV News, on the local time of the 11th, former US Treasury Secretary Lawrence Summers said in a TV program: "The current tariff levels are more than ten times higher than when the United States launched a trade war in 2018. I believe that apart from raising prices, any statement about 'additional (positive) effects of tariff increases' is fundamentally fraudulent." He also stated that the US government's policy of arbitrarily imposing tariffs is very dangerous. He said, "This is the worst economic policy and the most serious act of self-harm by the United States since World War II".

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