It's hard to imagine a policy better calculated to reduce purchasing power of American workers, degrade competitiveness of American companies, separate the U.S. from its traditional allies and raise the prospects of substantial military confrontation down the road.
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Summers told Bloomberg Television in June that he's got “fairly high anxiety about how this is all going to play out”.
To contact the reporter on this story: Christopher Kingdon in London at ckingdon@bloomberg.net
To contact the editors responsible for this story: Sonali Pathirana at spathirana@bloomberg.net, Crystal Chui
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