Former treasury secretary Larry Summers has expressed concern over president-elect Donald Trump's proposed tariffs and trade policies, suggesting they could increase inflation in the U.S.
Former U.S. treasury secretary Larry Summers is warning that president-elect Donald Trump 's proposed economic policies could drive inflation higher in the U.S.Former U.S. Treasury secretary Larry Summers speaks during the World Economic Summit in Washington, DC, on April 17, 2024. Former U.S. treasury secretary Larry Summers is warning that president-elect Donald Trump 's proposed economic policies could drive inflation higher in the U.S.Summers, who served in former U.S.
"This Tariff will remain in effect until such time as Drugs, in particular Fentanyl, and all Illegal Aliens stop this Invasion of our Country!" Trump wrote on Truth Social. "It can't be good for Canada as an original source of goods exported to the United States," Summers said. "It can't be good for Canada as a producer that takes in imports, processes them and then produces the final product.
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