On Wednesday, U.S. President Donald Trump's tariffs on steel and aluminum officially went into effect, and the backlash was swift. Former U.S. Treasury Secretary Lawrence Summerssharply criticized the move, warning that it would destroy manufacturing jobs and raise consumer prices, making key industries like automobiles less competitive globally. Summers described the decision as a "ready, fire, aim," policy that defies basic economic logic, with long-term consequences for the U.S. economy.