Markets Business Research Reports Exclusives Economy & Finance Law & Policy

Tariff List Raises Chance of Military Conflict, Summers Says

Tariff List Raises Chance of Military Conflict, Summers Says

Christopher Kingdon

(Bloomberg) -- Former U.S. Treasury Secretary Lawrence Summers criticized U.S. policy on trade hours after the U.S. Commerce Department released a list identifying $200b in Chinese imports for possible tariffs.

Summers wrote,

Lawrence H. Summers
@LHSummers
It’s hard to imagine a policy better calculated to reduce purchasing power of American workers, degrade competitiveness of American companies, separate the U.S. from its traditional allies and raise the prospects of substantial military confrontation down the road.

Sent via Twitter for iPhone.

View original tweet.

Summers told Bloomberg Television in June that he’s got “fairly high anxiety about how this is all going to play out”.

©2018 Bloomberg L.P.

Get live Stock market updates, Business news, Today’s latest news, Trending stories, and Videos on NDTV Profit.
GET REGULAR UPDATES

RECOMMENDED FOR YOU

CFO Leaders: The Making Of Five Star CFOs 
timelogo Jan 14, 2021
Stocks Rise, Treasuries Fall on Stimulus Bets: Markets Wrap
timelogo Aug 19, 2019
Stocks End Record-Setting Week With Further Gains: Markets Wrap
timelogo Jul 15, 2019
The Mutual Fund Show: The Dos And Don’ts Of Online Investing
timelogo Apr 27, 2019

POPULAR

1
Exide Industries Q4 Results Review - Downgrade To Add; Lithium-Ion Battery Ramp-Up A Key Ahead: Yes Securities
2
Stock Market Live: Nifty, Sensex Off Lows As HDFC Bank, RIL Lead Gains
3
Manufacturing PMI Eases In April, But Still Indicates Strong Expansion
4
Oil Rises After Dropping To Seven-Week Low On US Inventory Gain
5
Asian Stocks Climb After Fed, Yen Resumes Losses: Markets Wrap