Many Are Questioning the Wisdom of Tariffs

©iStock/LunaKate

A little late to the table here ... major figures in the investing world are questioning the wisdom of Trump's tariffs.  Some say it is "a mistake" and "masochistic," as Larry Summers says below.

“Trump’s tariffs are the most expensive and masochistic the U.S. has pursued in decades. A very crude estimate of Trump’s tariffs puts the projected loss at US$20 trillion dollars, or well over US$200,000 per family of four.” — Larry Summers, former U.S. Treasury secretary, on X.

from The Global Small Business Blog https://ift.tt/cl0U2t7