JOURNAL ARTICLE

Larry Summers Says Trump Policies Are 'Scarily' Like Argentina's Peron.

  • Published In: Bloomberg.com, 2025. P. N.PAG 1 of 3

  • Database: Business Source Ultimate 2 of 3

  • Authored By: Anstey, Christopher 3 of 3

Abstract

The article discusses former Treasury Secretary Lawrence Summers' warning that President Donald Trump's economic policies could lead the United States down a path similar to that of postwar Argentina, which experienced significant economic decline due to protectionist policies and authoritarian governance. Summers draws parallels between Argentina's past under Juan Perón, characterized by trade protectionism and a cult of personality, and current U.S. policies, emphasizing the need for caution in the political and business communities. He expresses skepticism about the effectiveness of Trump's tariffs and their potential to alienate global partners, suggesting that such strategies may ultimately benefit China. [Extracted from the article]

Additional Information

  • Source:Bloomberg.com. 2025/08, pN.PAG
  • Document Type:Article
  • Subject Area:Politics and Government
  • Publication Date:2025
  • Accession Number:187193866
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