The analysis was a policy paper authored by Wilbur Ross, the billionaire investor Trump picked for Commerce secretary, and Peter Navarro, the economics professor Trump chose to head the new White House National Trade Council. It was published late in the campaign against Democrat Hillary Clinton.
Summers, who was Treasury secretary in the Clinton administration and was an economic advisor to President Barack Obama, also took Trump to task over his proposals to spend about a trillion dollar on infrastructure. Summers called them “a giveaway to the contractors for the pipelines they’re already going to build.”
“There’s [also] nothing that makes it be the most important infrastructure, which is fixing and maintaining” bridges, highways and airports, he added.