<p>On November 13th, the day the U.S. October CPI was released, former U.S. Treasury Secretary Larry Summers stated that if Donald Trump were to be elected president and truly fulfilled his promises, the U.S. would once again experience a severe inflation crisis. Trump's promised domestic tax cuts, increased tariffs, and the expulsion of illegal immigrants would have a serious impact on the U.S. economy. &#34;If he insists on implementing the plans he promised during the campaign, this country will suffer a greater inflation crisis than in 2021.&#34;</p>

<p>Former U.S. Treasury Secretary Summers warned that if Trump fulfills his campaign promises, the U.S. will face an inflation crisis not seen in decades. He mentioned that Trump's policies, such as tax cuts, increased tariffs, and the expulsion of illegal immigrants, will have a severe impact on the economy, potentially leading to inflation issues worse than those in 2021</p>

America's inflation whistleblower Summers: If Trump fulfills his promises, it will trigger an "inflation crisis" not seen in decades