Former U.S. Treasury Secretary: The U.S. economy may fall into recession, which may cause 2 million people to lose their jobs

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PA一线04/08/2025, 11:14 PM

PANews reported on April 9 that Lawrence Summers, professor of economics at Harvard University and former U.S. Treasury Secretary, said in an interview with Bloomberg on the 8th that due to the tariff measures being implemented by the Trump administration, the United States may be heading towards a recession, which may cause about 2 million Americans to lose their jobs and each family will face a loss of at least $5,000 in income. Summers said that Trump's tariff plan will face "very important choices" in the coming weeks. The scale of these tariff plans even exceeds the tariffs in 1930, which "exacerbated the Great Depression." Summers believes that the wise approach is to "withdraw the policies that have been announced." He also said that the economic recession challenge facing the United States this time was caused by the words and deeds of President Trump and his government. If the US government abandons its "policy mistakes," the economy will return to normal.

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Author: PA一线

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