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Larry Summers blasts ‘ludicrous’ claim by Scott Bessent - Larry Summers

Summary by larrysummers.com
New York (CNN) — Larry Summers is fed up with the tariff defense made by his successor, Treasury Secretary Scott Bessent. Summers, who served as treasury secretary under President Bill Clinton, blasted Bessent’s claim that Chinese producers will bear the brunt of new US tariffs on imports from China. “This position is contradicted by every introductory economic textbook and course of which I am aware,” Summers wrote in a post on X on Sunday. “Wh…

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Scott Bessent Has 'Worst Job In The World Today,' Says Black Swan Author Nassim Taleb, As Treasury Secretary Knows The Implications Of Steep Tariffs - Invesco QQQ Trust, Series 1 (NASDAQ:QQQ), SPDR S&P 500 (ARCA:SPY)

Nassim Nicholas Taleb has said, Treasury Secretary Scott Bessent has the worst job in the world today because he understands tariffs.

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larrysummers.comlarrysummers.com

Larry Summers blasts ‘ludicrous’ claim by Scott Bessent - Larry Summers

New York (CNN) — Larry Summers is fed up with the tariff defense made by his successor, Treasury Secretary Scott Bessent. Summers, who served as treasury secretary under President Bill Clinton, blasted Bessent’s claim that Chinese producers will bear the brunt of new US tariffs on imports from China. “This position is contradicted by every introductory economic textbook and course of which I am aware,” Summers wrote in a post on X on Sunday. “Wh…

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larrysummers.com broke the news in on Sunday, March 30, 2025.
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