Reported 9 days ago
Former Treasury Secretary Lawrence Summers has warned that the U.S. is likely headed towards a recession, potentially resulting in 2 million job losses due to impending tariff increases. He emphasized that these policies could lead to significant household income losses and warned that current economic challenges are largely self-induced by government actions rather than external factors. Summers urged for a reconsideration of these policies, predicting dire consequences for both the U.S. and global economy if such tariff rates are implemented.
Source: YAHOO