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Cheddar News
  • 5 months ago
President Donald Trump cautioned that if courts invalidate his sweeping tariff policies it could lead the U.S. economy into a “GREAT DEPRESSION,” akin to 1929.

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00:00President Donald Trump cautioned that if courts invalidate his tariff policies, it could lead
00:05the U.S. economy into a Great Depression akin to 1929.
00:10The president argued that rescinding these tariffs could dismantle wealth creation and
00:14financial foundations that he claims the U.S. has never before seen, warning of irreversible
00:21economic collapse.
00:22However, many economists dispute this framing, one analyst noting that while tariff revenue
00:27has jumped, it remains insignificant relative to overall federal spending and that rolling
00:33back tariffs could actually boost economic momentum.
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