Former U.S. Treasury Secretary: Tariff Policy Could Trigger Various Vicious Cycles, Risk Mitigation Requires Trump to Abandon Current Path

BlockBeats News, April 9th, former US Treasury Secretary Summers posted on social media: "The developments of the past 24 hours suggest that we may be on the verge of a serious financial crisis entirely of the US government's own making through tariffs. Given the level of government debt, the deficit, and the reliance on foreign buyers, this could set off any number of vicious cycles. The only way to mitigate these risks is for President Trump to abandon the path he is on. This is the first round of financial turmoil brought about by the US government."