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Trump points to Depression to justify tariffs

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The Hill |
Economists think the Smoot-Hawley Tariff Act actually “provoked a wave of foreign retaliation that plunged the world deeper into the Great Depression,” according to the Office of the Historian within...
Business Insider |
Left unchecked, Trump's policies are putting the US economy on track for a recession, Elliott believes.
The Financial Times |
“The collapse is a loss of confidence in dollar-denominated assets in general,” said Francesco Pesole, a currency strategist at ING.

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Are Trump’s tariffs as bad as the Smoot-Hawley Act which is blamed for deepening the Great Depression? They’re actually worse
Hawley all over again! At least by this reporter's calculations, the sweeping tariff regime that President Trump unveiled following the market close on April 2 literally lifts America's duties on imports to roughly the same level that the much-reviled legislation took them to at the start of the Great Depression.
U.S. tariff rates under Trump will be higher than the Smoot-Hawley levels from Great Depression era
President Donald Trump’s new policies put the effective tariff rate above the level of around 20% set by 1930’s Smoot-Hawley Tariff Act, according to Sarah Bianchi, a strategist at Evercore ISI. An estimate from Fitch Ratings said that the tariff rate would hit its highest level since 1909.
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.
Here's how Trump's tariff plans could trigger a full-blown recession within the next year
Wall Street was betting on a Trump Bump, but sweeping tariffs are threatening an economic slowdown.
‘’I don’t want to move again’: Will Trump’s tariffs lead the U.S. into recession — and a drop in house prices?
Will President Donald Trump’s tariffs push the U.S. — and the rest of the world — into recession? Should I wait and see what happens before buying a home? You face a triple threat: a possible recession,
Trump’s tariffs are an economic emergency for Americans
Trump’s tariffs are an economic emergency. If implemented, the US’s average tariff rate would be higher than under Smoot-Hawley. They would constitute the largest tax increase since the 1968 levies to fund the Vietnam war.
Trump tariffs live: Wall Street braced for heavy losses as dollar slumps on Trump tariffs
Wall Street was headed for heavy losses and the dollar slumped on Thursday, as investors bet that Donald Trump’s sweeping tariffs would result in pain for the US economy. The US currency fell 2.2 per cent against a basket of rivals by the early UK afternoon,
Why Trump's tariffs aren't really reciprocal
Donald Trump has chosen to impose a wide range of different tariffs on other countries. But how did he come up with the particular figures? Ben Chu from BBC Verify has been taking a look.
Will Trump's tariffs trigger a political backlash?
President Trump promised to bring down prices on the campaign trail, but economists say his tariffs could raise them. Political strategists Joel Payne and Kevin Sheridan join "America Decides" to examine the potential political ramifications.
Legendary economist says Trump's tariffs could replay 'devastating history'
Legendary economist Thomas Sowell spoke about President Trump's tariffs and highlighted the risk of causing an economic downturn as consumers and investors pull back amid uncertainty.
ABC 10News San Diego3h
Historical echoes: Deportation, Repatriation, and finding cultural empowerment
Dr. Ramona Perez, a professor of Anthropology at San Diego State University, recounted how past policies have profoundly impacted Latino communities in California.
Tech group CEO: Trump tariffs will ‘drive inflation,’ ‘kill jobs’
The head of the Consumer Technology Association (CTA) warned that President Trump’s sweeping tariffs will “drive inflation” and “kill jobs,” risking a recession in the U.S.  Trump announced his
KHQ4h
Dow drops 1,679 points marking 5th largest point loss in history
The Dow Jones Industrial Average experienced a significant drop of 1,679 points today. This decline is noted as the fifth largest drop in points in the Dow's history.
PopCrush on MSN11h
Why 'Great Depression' Is Trending on Social Media
President Donald Trump has once again caused a social media firestorm. After much speculation, on Wednesday (April 2) Trump announced a 10 percent tariff on all imported goods that will go into effect this Friday (April 4).
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The last time this led to Great Depression, Irish money minister warns
The last time this led to Great Depression, Irish money minister warns - An Irish Cabinet minister has compared US President Donald Trump’s tariff regime to the circumstances which precipitated the Great Depression.
'We're about to face massive...': Viral post warns Trump's tariff war will leave American workers in 'Great Depression'
The reciprocal tariffs announced by US President Donald Trump on April 3 shocked many. A base line tariff of 10 percent would be charged on all US imports from April 5, while the reciprocal tariffs would be applicable from April 9,
ICC boss: Tit for tat tariffs response risks return to Great Depression
A ‘tit for tat’ response to Donald Trump’s tariffs risks plunging the world into an economic slowdown redolent of the Great Depression, the head of the world’s largest trade body as warned. Speaking to City AM,
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