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Harvard Economist and Ex-Treasury Secretary Warns: US Economy Faces Recession Risk, Potentially Shedding 2 Million Jobs
2025-04-09 /
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Author：小编
Lawrence Summers, a renowned economics professor at Harvard University and a former United States Treasury Secretary, cautioned that the tariff policies enacted by the Trump administration could propel the American economy into a recession. This scenario could result in the loss of approximately 2 million jobs for Americans and a reduction in household income by at least $5,000 per family. These tariffs impose a direct increase on the cost of imported goods, which is subsequently passed on to consumers, thereby fueling inflation and dampening economic activity.
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