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Benzinga
Benzinga
Business
Vishaal Sanjay

Trump's Tariffs Leading US To The 'Foothills of Stagflation,' Warns Larry Summers: 'Confidence Has More Room To Decline'

Donald Trump

Former Treasury Secretary Lawrence Summers cautioned that the United States may be heading into a period of stagflation led by President Donald Trump’s trade and tariff policies, citing the lingering effects of tariffs and rising risks for both unemployment and inflation.

We’re Likely On The ‘Foothills of Stagflation’

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