During Bund Summit in Shanghai, Robert Rubin flags long-term economic implications of Trump’s policies, including for the US dollar’s global standing.

US President Donald Trump’s “badly misguided” tariff policy is impairing the efficiency of America’s economy despite its short-term resilience, and the damage will need to be repaired down the road, according to a former US Treasury secretary. “It’s a very unwise policy, and yet it seems to be the policy they’re committed to,” said Robert Rubin, who administered the Treasury from 1995 to 1999, during the Democratic presidential administration of Bill Clinton. Rubin, 87, was speaking via video…

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