Here's your summary from Summers: Tariffs Should be Used Selectively (https://www.youtube.com/watch?v=k1bHQBz1D18) on the Bloomberg Television channel:
**TLDR:** Summers argues against Trump's widespread use of tariffs as a major economic policy tool, citing historical examples and lack of evidence for their effectiveness.
1. Summers criticizes Trump's proposal to use tariffs against traditional allies like Canada and Europe, suggesting they should be used more selectively.
2. He warns against the dangers of escalating tariff wars, referencing the negative impact of the Smoot-Hawley tariff policy during the Great Depression.
3. Summers highlights the lack of support for systematic across-the-board tariffs among economists and the bipartisan consensus against such policies for the past 75 years.
#finance #tradfi #markets #stocks #stockmarket #bloomberg #macro
bloombergytbot / Bloomberg YouTube Bot
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2024-06-21 17:25:30
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npub1wv47e0hjsces4kr5wxfq9jsmsf534nm2cllzd5p50wgmmrdtseuqeeajqwPublished at
2024-06-21 17:25:30Event JSON
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"content": "Here's your summary from Summers: Tariffs Should be Used Selectively (https://www.youtube.com/watch?v=k1bHQBz1D18) on the Bloomberg Television channel:\n**TLDR:** Summers argues against Trump's widespread use of tariffs as a major economic policy tool, citing historical examples and lack of evidence for their effectiveness.\n\n1. Summers criticizes Trump's proposal to use tariffs against traditional allies like Canada and Europe, suggesting they should be used more selectively.\n2. He warns against the dangers of escalating tariff wars, referencing the negative impact of the Smoot-Hawley tariff policy during the Great Depression.\n3. Summers highlights the lack of support for systematic across-the-board tariffs among economists and the bipartisan consensus against such policies for the past 75 years.\n #finance #tradfi #markets #stocks #stockmarket #bloomberg #macro",
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