Trump's Populism Won't Work, says Former Treasury Chief

Lawrence Summers, the former U.S. treasury secretary, has warned that Donald Trump's threats to firms using Mexico as a manufacturing base will be counterproductive and could lead to the loss of hundreds of thousands of American jobs. Summers told a panel at the World Economic Forum on Wednesday that the president-elect's "rhetoric and announced policies" over Mexico have led to a big fall in the value of the Mexican peso against the dollar.   That, he said, is a...

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