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ECONOMY

VIDEO: Economist Larry Summers Discusses Trade, Deregulation

Editor’s Note:

Trade tensions between China and the U.S. have been building as U.S. President Donald Trump threatens to slam new tariffs on Chinese goods, and China vows to respond with measures of “equal strength and scope.”

In a recent interview with Caixin reporter Wang Liwei in Beijing, former U.S. Treasury Secretary Larry Summers expressed his worries over a possible trade war, and said it’s incorrect to believe the tariffs will help U.S. economic prospects.

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