US President Donald Trump on Friday warned of a ‘1929-style Great Depression’ if the court rules against tariffs and said that tariffs have a huge positive impact on the stock market.
“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! If they were going to rule against the wealth, strength, and power of America, they should have done so LONG AGO, at the beginning of the case, where our entire Country, while never having a chance at this kind of GREATNESS again, would not have been put in 1929 style jeopardy,” Trump posted on X.
“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 happen,” he added.
The Great Depression happened in 1929 after the US stock market crash. It led to widespread bank failures, mass unemployment, and sharp declines in industrial output and global trade.
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