Bitcoin Rises Amidst Concerns Over U.S. Tariffs

Former US Treasury Secretary Lawrence Summers has publicly criticized the current US tariff policy, warning of its potentially devastating economic impact. He points to a tenfold increase in tariffs since 2018 and contends they are more harmful than any post-World War II economic decision. Summers’ statement raises concerns about potential recession and job losses due to rising consumer prices and escalating trade tensions.