Former US Treasury Secretary Summers: Tariff policy may trigger a serious financial crisis in the United States
PANews reported on April 9th, according to Jinshi, former US Treasury Secretary Summers wrote on social media: "The developments in the past 24 hours suggest that we may be heading towards a serious financial crisis triggered entirely by US government tariff policies. Given the government debt and deficit and dependence on foreign buyers, this could trigger various vicious cycles. The only way to mitigate these risks is for President Trump to abandon his current path. This is the first round of financial turmoil caused by the US government."
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