Larry Summers, Trump’s ‘masochistic’ tariffs will cost a family for a family of $ 300,000

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• Larry Summers of the former Treasury Secretary The President came out as one of the most severe critics of Trump’s “Freedom Day” tariffs. An economist said that the rhetoric will not cause such economic damage and families will hit $ 300,000 a year.

Former Treasury Secretary Larry Summers, President Trump tariffs will be a disaster for families and can cost hundreds of thousands of dollars a year.

The summer continuing the treasury department of the former President Clinton, Trump’in fierce criticized the tariffs for the so-called “Freedom Day” tariffs.

Trump tariffs are the most expensive and masochistic in the United States lasted in decades, ” write.

In a subsequent article, the summer said politics would be expensive to American families.

“There is a lot of presidential rhetoric. The markets continue to move after the previous tweet. write In a post X.

Summers have been developed in one interview with CnnOne president said that the activity of the activity caused by such a great collapse in the stock exchange. Often, the exchange of such gravity is caused by foreign factors such as Coronavirus Pandemia in 2020.

“This movement received a clock of an hour of rhetoric with the exchange exchange rate of $ 3 trillion with the stock exchange account. The stock exchange reflects only part of the stock exchange.

Friday, Stock route Continued as China 34% caught the tariffs In the American exports of revenge. All major indices are in the afternoon, if the casualties with a reduction in the S & P 500 by S & P. Technologically Half and Dow Jones reduced 4.2% and 4.4% respectively.

Summers criticized the President Trump on inflation, often notified to help the poor, he said Cnn The interview is still the most recent action on tariffs worries him the most.

“Currently, my main concern is the lack of basic authority,” he said. “There is no logic in this policies,” he said.

Really, the White House confirmed Tariffs were calculated using a relatively simple formula and the US trade representation reported a clear way to the Islaimed method Proxy considerations of tariff, regulation and tax policy.

Summers are not alone in criticism. Economic experts and major bank analysts are in rarely Trump tariffs protect tariffs, Wednesday, economic pain and perhaps a decline can be hit into the United States

Again, Trump on Friday, inviting Vietnamese President Lam’a calling Lam, called 46% of the 46% tariff rate called Lam

“Vietnam wants to reduce tariffs if the United States is agreeing,” he said. write Social Friday about the truth.

This story was first displayed Fortune.com

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