Former US Treasury Secretary: Trump's First 100 Days in Office Were a "Catastrophic 100 Days" for the US Economy
According to a report by Jinse Finance, former U.S. Treasury Secretary Lawrence Summers criticized on social platform X that the first 100 days of the Trump administration were a "catastrophic 100 days" for the U.S. economy. Summers stated that the U.S. stock market declined, the dollar fell, unemployment rates were expected to rise, inflation was expected to worsen, and the likelihood of a recession increased. We saw consumer confidence collapse and businesses retract all previous earnings forecasts.
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