US EditionTrump says Great Depression would never have started if tariffs continued
- He announced widespread tariffs, including a 10 percent tariff on all countries and a 25 percent tariff on foreign-made cars.
- Trump stated that tariffs are paid by U.S. Companies importing goods and lead to higher prices for consumers.
- Trump argued that the income tax established in 1913 marked the end of a wealthy, tariff-backed nation, insisting that a different outcome would have occurred without it.
10 Articles
10 Articles
Trump says Great Depression would never have started if tariffs continued
President Trump on Wednesday said that the 1930s Great Depression wouldn’t have happened if tariffs had continued, while announcing his massive tariff plan to hit trading partners. The president argued that before the income tax on U.S. citizens was established in 1913, the U.S. leaned into tariffs and was collecting money from other countries. Then…
Bizarre moment Trump declares Great Depression wouldn’t have happened with tariffs
Donald Trump has declared that the US could have avoided the Great Depression with tariffs. The president made the remarks in front of the White House on Wednesday (2 April), when he announced a 10 percent baseline tariff on all imports to the US. During his speech, Trump suggested the economic decline in the country began in 1913, when income tax was introduced. “Then in 1929, it all came to an abrupt end with the Great Depression,” the preside…
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