The Treasury Minister of the Obama era said that Trump’s “strategic gifts” of Xi Jinping’s China ’s China’ s “strategic gift”: “The work in the heart of the industrial heart will be lost”

On Sunday, the famous economist and the Treasury Minister of the Obama era Lawrence Summers Criticizing President Trump’s recent tariffs and describing it as a “bullying strategy” may have a profound negative impact.

what happened: In a series of posts on X, Sammer said he did not agree with Trump’s tariffs and pointed out that they were “Xi Jinping’s strategic gifts”. He warned that tariffs may lead to oil and the price of food and cars rising, which may need to make a Federal Reserve response in the form of interest rates.

Sames further predicts the unemployment of the heart heart, because the cost of American manufacturers is higher. He also paid attention to the loss of potential trust in Canada and Mexico and the subsequent economic and security risks.

Summers summarized the theme, saying: “Xi Jinping is an excuse for his economic failure and provided all our allies with a more open door because we proved our unreliableness by bullying.”

Please refer to: Mark Cuban said that if he has enough money to buy Fox News

Why is it important: Trump’s tariffs include 25 % tariffs on all imports of all commodities in Mexico and Canada, excluding energy -related items, and 10 % tariffs on Chinese products imported from the United States. Negative warnings on the impact of American companies and consumers.

Canada has announced a plan to levy tariffs on American goods to retaliate. This is to respond to Trump’s administrative order and impose 25 % tariffs on the import of imports from Canada.

Director of Qianxiang Palace Communication Anthony Scaramucci He also expressed concerns about tariffs and urged officials to be elected to Trump’s new tariffs on Trump’s new tariffs in Canada, China and Mexico.

Photos of shutterstock

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This story is generated by Benzinga Neuro, and by it Shivep dhaliwal