Former treasury secretaries Tim Geithner and Hank Paulson criticized tariffs as harmful to American manufacturers during an interview. Paulson noted the resilience of the U.S. economy since 2020 and acknowledged that recent economic dynamics have slowed down job creation and manufacturing. He mentioned the complexity of current economic factors, including tariffs, tax cuts, and AI impacts. Geithner argued that tariffs serve as a corrosive tax on manufacturers, emphasizing their aggressive impact without certainty about the eventual outcomes of these policies.
The economy, Andrew, you've got to start by saying, our economy is amazingly resilient, amazingly resilient. It's been the bright spot in the world since 2020.
Tariffs are a bad tax. They're like a corrosive tax on American manufacturers. They're aggressive in their impact there.
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