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Former US Treasury Secretary says the argument that additional tariffs are good for the United States is fraud

Internet reports that on the 11th local time, former U.S. Treasury Secretary Lawrence Summers said on a TV program: "The current tariff level is more than ten times higher than when the United States launched a trade war in 2018. I think in addition to making prices higher, any statement that 'tariff increases have other (positive) effects' is fundamentally fraud." He also said that the U.S. government's policy of arbitrarily imposing tariffs is very dangerous. He said,"This is the worst economic policy and the most serious self-harm behavior in the United States since World War II." (Jin Shi)

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