US looks like ‘problematic emerging market’ – former Treasury chief

Donald Trump

Larry Summers says Trump’s tariff chaos risks a self-inflicted financial crisis Former US Treasury Secretary Lawrence H. Summers has warned that President Donald Trump’s escalating tariff war with the entire globe is pushing the United States toward a financial crisis, comparing recent market turmoil to conditions typically seen in unstable emerging economies. Speaking on Wednesday, before Trump announced a surprise 90-day pause on the latest round of tariff hikes, Summers said the volatile

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