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Former Treasury Secretaries Warn of Economic Turmoil Ahead

4/13/2025

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Summary

Story summary

At a recent meeting led by Steven T. Mnuchin, former Treasury secretaries voiced deep concerns over the economic turmoil gripping the nation. On President Trump’s “Liberation Day,” current Treasury Secretary Scott Bessent faced sharp criticism for tariffs that threaten global trade, leaving attendees like W. Michael Blumenthal worried about the far-reaching consequences of these policies.

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Story summary

At a recent meeting led by Steven T. Mnuchin, former Treasury secretaries voiced deep concerns over the economic turmoil gripping the nation. On President Trump’s “Liberation Day,” current Treasury Secretary Scott Bessent faced sharp criticism for tariffs that threaten global trade, leaving attendees like W. Michael Blumenthal worried about the far-reaching consequences of these policies.