Former U.S. Treasury Secretary Summers: Tariff policy may trigger a severe financial crisis in the U.S

ChainCatcher news, according to Jinshi reports, former U.S. Treasury Secretary Summers wrote on social media: "The developments in the past 24 hours suggest that we may be heading towards a severe financial crisis entirely triggered by U.S. government tariff policies.

Given the government debt and deficits, as well as reliance on foreign buyers, this could trigger various vicious cycles. The only way to mitigate these risks is for President Trump to abandon the current course. This is the first round of financial turmoil triggered by the U.S. government."