Bloomberg

Former Treasury Secretary Lawrence H. Summers discusses historical tariff moments and how they compare to the current administration’s policies. He states that “if we turn the clock back, it’s going to be enormously costly for the United States and the world economy.” He claims that it’s “unquestionably wrong” to think that tariffs won’t fall on the consumer and believes that if he were in the current administration, he would consider resigning. (Source: Bloomberg)