Former US Treasury Secretary warns: If Trump fulfills his promise, it will trigger an "inflation crisis" unseen for decades
Former US Treasury Secretary Summers stated that if President-elect Trump truly fulfills his promises, the United States will once again experience a severe inflation crisis. Summers pointed out that Trump's promised domestic tax cuts, increased tariffs, and expulsion of illegal immigrants will have a serious impact on the US economy. "If he insists on implementing the plans he promised during the campaign, then this country will suffer an inflation crisis greater than that of 2021."
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