According to HT data, Lawrence Summers, the former US Treasury Secretary, stated in a TV program: "The current tariff levels are more than ten times higher than when the United States launched the trade war in 2018. I believe that apart from raising prices, any claims about the positive effects of imposing tariffs are fundamentally fraudulent. The US government's policy of arbitrarily imposing tariffs is very dangerous. This is the worst economic policy and most severe act of self-harm by the United States since World War II".
Former U.S. Treasury Secretary says the theory that tariffs are good for the U.S. is a fraud
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