<ul><li>Former Treasury Secretary, Larry Summers, warns of a potential recession and the loss of 2 million jobs due to recent tariffs.</li><li>Summers suggests that the current tariffs could have a worse impact than those during the Great Depression.</li><li>He highlights the risk of a significant decline in household incomes and urges policymakers to reconsider aggressive tariff policies to avoid financial instability.</li><li>Summers also notes that the financial markets are reacting strongly to tariff-related news, leading to volatility and potential wider economic impacts.</li></ul>

Former Treasury Secretary Warns of Recession and 2 Million Job Losses

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