Ideas Markets Events Research
Close
search
Ideas
Markets
Events
Research
Nothing found
Select a section for which the search will be carried out
3 April | Dollar

Lawrence Summers warns of negative impact of Trump's tariff policy on US economy

GBPUSD
AUDUSD
EURUSD
USDJPY
USDCAD
Lawrence Summers warns of negative impact of Trump's tariff policy on US economy

Lawrence Summers, former US Treasury Secretary, criticized new tariff hikes by the Trump administration and called the measures destructive for the economy. He believes they will disrupt supply chains and boost consumer prices. 

The official thinks the consequences of the US government raising import duties could include a simultaneous increase in unemployment and inflation. While on Bloomberg Television, Summers pointed to the dangers such tariff policies pose to the country’s investment appeal. 

He also warned of serious economic consequences, especially for the Federal Reserve. The US central bank will have to deal with an artificial increase in prices while deciding on its future strategy. At the same time, historical data shows consumers have to almost fully bear extra costs, Summers notes.

Elizaveta Kuzmicheva MarketCheese

Recommended

Japan. BoJ Interest Rate Decision. The value of the indicator remained at the same level of 0.5%
30 minutes ago
United States. Fed Interest Rate Decision. The value of the indicator has decreased from 4.25% to 4%
Yesterday at 6:01 PM
Canada. BoC Interest Rate Decision. The value of the indicator has decreased from 2.5% to 2.25%
Yesterday at 1:45 PM
Australia. CPI (YoY). The value of the indicator has increased from 2.1% to 3.2%
Yesterday at 12:30 AM
United States. Atlanta Fed GDPNow. The value of the indicator remained at the same level of 3.9%
27 October
Top news
Japan. BoJ Interest Rate Decision. The value of the indicator remained at the same level of 0.5%
30 minutes ago
United States. Fed Interest Rate Decision. The value of the indicator has decreased from 4.25% to 4%
Yesterday at 6:01 PM
Canada. BoC Interest Rate Decision. The value of the indicator has decreased from 2.5% to 2.25%
Yesterday at 1:45 PM
United States. CPI (YoY). The value of the indicator has increased from 2.9% to 3%
24 October
European Union. Manufacturing PMI. The value of the indicator has decreased from 50.5 to 50
24 October
All news

Forecasts

AUDCAD sell
Period: 30.11.2025 Expectation: 800 pips
Selling AUDCAD from technical resistance
FA Other Chart analysis
Yesterday at 11:55 AM 18
McCarthy_Raymond
EURUSD buy
Period: 05.11.2025 Expectation: 1050 pips
EURUSD corrects ahead of key Fed decision
Technical analysis FA Other Indicators Chart analysis Fundamental analysis
Yesterday at 11:51 AM 33
Lyra_Moonwell1
EURUSD sell
Period: 31.10.2025 Expectation: 1100 pips
EURUSD selloff if Fed keeps rates unchanged
FA Other Chart analysis
Yesterday at 11:07 AM 18
Bruce_Powers
USDCAD sell
Period: 05.11.2025 Expectation: 1150 pips
USDCAD stops declining ahead of central bank monetary decisions
Technical analysis Indicators and reports FA Other Indicators Fundamental analysis
Yesterday at 07:36 AM 24
Emily_Foster
BTCUSD buy
Period: 04.11.2025 Expectation: 40000 pips
Buying BTCUSD amid technical correction within current uptrend
Technical analysis FA Other TA Other Indicators Fundamental analysis
28 October 2025 65
Lyra_Moonwell1
Brent sell
Period: 30.11.2025 Expectation: 100 pips
Selling Brent crude with target of $63 per barrel
FA Other Chart analysis
28 October 2025 51
McCarthy_Raymond
Go to forecasts