The tariff policy of US President Donald Trump has stirred up the world’s business world. The impact of Trump Tariff was seen on the stock market of many countries. Due to this decision, the markets of many countries including the American stock market recorded a huge decline. Questions have also been raised from the US on this decision of Trump administration. American economist and former Treasury Secretary Lawrence Henry Summers has questioned the Trump administration’s decision.

Former US Treasury Secretary Lawrence Summers said that the tariff policy of US President Donald Trump could suffer a financial loss of up to three million dollars or each family of 4 people.

Harvard President Lawrence Summers has severely criticized the recently announced tariff by Donald Trump. He has described it as “the most expensive and selfish” policies adopted by the US in decades.

Never Before has an hour of Presidential rhetoric cost so many people so much. Markets Continue to move after my previous tweet. The best estimate of the loss from tariff policy is now is closer to $ 30 trillion or $ 300,000 per family of four.

– Lawrence H. Summers (@lhsummers) April 3, 2025

Questions raised by posting many posts on social media

Posting several several posts on the social media forum X, Lawrence Summers estimated that 10% baseline tariffs on all imports by Trump and high mutual tariffs for specific countries could result in economic loss of up to 30 trillion dollars.

Stock market’s worst experience in 5 years: Lawrence Summers

Lawrence Summers wrote on X, “Today was the worst experience of the stock market in 5 years. Usually when the stock market gives such a terrible experience, it happens because a bank fails, an epidemic comes, a storm comes or any other country does something. We do not have such stock market reactions that are in response to the policies of the President of the United States. Is.

Today was the Worst Stock Market Experience in Five Years. Usually when you have a terrible stock market experience, IT’s because a bank fails, a pandemic, a hurricane or because some another person. We don’t have these kinds of stock market responses in Response to…

– Lawrence H. Summers (@lhsummers) April 4, 2025

He wrote in another post, “Yesterday’s tariff action has taken a loss of $ 3 trillion from the stock market. This decision was a devastating error.

Such a big loss for the first time in American history

Lawrence Summers wrote in another post, before this, one hour of speech of the presidential, so many people have not suffered so much. The market continues to fluctuate since my previous tweet. The tariff policy is estimated to have a loss of $ 300,000 for a $ 30,000 or a family of four people.

Know who is Lawrence Summers, who raised questions on Trump Tariff

It is known that Lawrence Henry Summers is an American economist. From 1999 to 2001, he served as the Treasury Secretary of the 71st US and the Director of the National Economic Council from 2009 to 2010. He is currently the president of Harvard.