The president of the United States, Donald Trump had been taking several radical and extremist decisions and one on them has been the atrocious tariff impositions. In this context, he had recently imposed 50% tariff on India as well, which is already a cause of concern.
Incidentally, a court is on the verge of ruling on the legality of President Trump’s tariffs and the president has warned of a 1929-style Depression if the court strikes them down.
The 1929 Depression, also known as the Great Depression, was one of the most severe economic crises in modern history. It began after the U.S. stock market crash in October 1929, leading to massive unemployment, bank failures, and widespread poverty. The downturn lasted through the 1930s, affecting countries around the globe and serving as a grim reminder of the devastating impact economic collapses can have on societies.
In his elaborate truth post, Trump wrote against rolling back the tariffs. “If a Radical Left Court ruled against us at this late date, in an attempt to bring down or disturb the largest amount of money, wealth creation and influence the U.S.A. has ever seen, it would be impossible to ever recover, or pay back, these massive sums of money and honor. It would be 1929 all over again, a GREAT DEPRESSION!.”
About the impending court order that’s ticking to happen, Trump wrote “There is no way America could recover from such a judicial tragedy, but I know our Court System better than anyone, there is no one in history that has gone through the trials, tribulations and uncertainties such as I, and absolutely terrible, but also amazingly beautiful, things can happened.”
The fact that Trump is speaking about the Great Depression when asked about rolling back the tariffs could be a clear indication that he has no intention of going back on these wild decisions. He is even warning of consequences when courts are possibly processing the same. This has to be one of the most radical calls by the U.S. president till date.
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