Trump tariff policy can cause $30 trillion loss, warns former US Treasury Secretary Lawrence Summers

Summers: The White House Can't Have it Both Ways

Former Treasury Secretary Lawrence H. Summers explains the implications of tariffs on the US economy. He observes that tariffs cannot simultaneously be a source of revenue and a crowbar. (Source: Bloomberg)

Larry Summers says Trump's 'masochistic' tariffs will cost $300,000 per family of four

Former Treasury Secretary Larry Summers has come out as one of the fiercest critics of President Trump’s “Liberation Day” tariffs. The economist said an hour of rhetoric has likely never caused so much economic damage, and that families would take a hit of $300,000 per year. Former Treasury Secretary Larry Summers says President Trump’s tariffs would be a disaster for families and could cost them hundreds of thousands of dollars a year. Summers,…

Larry Summers: Trump Administration Has 'Lack of Basic Competence'

Former U.S. Treasury Secretary Larry Summers claimed Thursday on CNN's "The Arena" that he was concerned President Donald Trump's tariffs showed a "lack of basic competence."

'Disastrous': Ex-Treasury secretary unloads on Trump White House on CNN

Former U.S. Treasury Secretary Larry Summers delivered a scathing rebuke of President Donald Trump’s sweeping new tariffs, an action he estimated amounted to a $30 trillion cumulative hit to the economy.“That's more damage than any economic policy pursued by any president in the last, probably in Am...

‘Utter and total nonsense’: Larry Summers reacts to Trump’s new tariffs

Former US Treasury Secretary Larry Summers joins CNN’s Kasie Hunt and weighs in on President Donald Trump’s announcement of global tariffs.

Economists reveal the simple secret to Trump’s ‘crazy’ tariff plan

‘This is to economics what creationism is to biology,’ says Lawrence Summers, ex-treasury secretary and National Economic Council director.