Former U.S. Treasury Secretary Larry Summers has expressed serious concerns about the economic impact of a potential second Trump administration. Speaking at the World Economic Summit 2024, Summers highlighted that Donald Trump's proposed policies to raise tariffs and restrict imports could trigger an inflationary spiral with catastrophic consequences for the economy. He described the potential shift as a 'populist' turn, using apocalyptic terms to emphasize the severity of the economic threat.
This week on Politix, @brianbeutler and @rroiphe make the case for taking the Trump Hush Money case seriously. https://t.co/yLL6bae0Qx
> @LHSummers “spoke in openly apocalyptic terms about the potential for a ‘populist’ turn in a 2nd Trump administration, predicting that the former president’s plans to raise tariffs and restrict imports could ‘set off an inflationary spiral.’” @semafor https://t.co/OeqzaN8gv8 https://t.co/Np9kcoa7Yy
Summers “spoke in openly apocalyptic terms about the potential for a ‘populist’ turn in a second Trump administration, predicting that the former president’s plans to raise tariffs and restrict imports could ‘set off an inflationary spiral.’” @semafor https://t.co/OeqzaN8gv8 https://t.co/cHvm6qbJAZ
.@semafor: Summers says Trump “plans to raise tariffs and restrict imports could ‘set off an inflationary spiral’” with “‘catastrophic consequences.’” https://t.co/ieG1sYcVfz
Former U.S. Treasury Secretary Larry Summers predicted that Donald Trump’s return to the White House could have “catastrophic consequences” for the economy. #WES2024 https://t.co/g3Oz0QlMEo
.@LHSummers tells @SCClemons a second Trump administration “would set off an inflationary spiral.” #WES2024 https://t.co/pnm8RiFIye