The former US Treasury Secretary called the "Tariffs are good for the US" argument a fraud.

BlockBeats News, April 13th, former US Treasury Secretary Lawrence Summers stated in a TV program: "The current level of tariffs is more than ten times higher than when the US launched a trade war in 2018. I believe that apart from raising prices, any statement claiming that 'imposing tariffs has other (positive) effects' is fundamentally fraudulent. The US government's reckless tariff policy is very dangerous. This is the worst economic policy and the most serious self-harm behavior by the US since World War II." (FX678)