Tuesday, 02 January 2024 12:17 GMT

Trump Warns Ending Tariffs Now Would Trigger A 'Great Depression'


(MENAFN- AsiaNet News)

President Donald Trump claimed Friday that striking down his tariff program would trigger a financial collapse rivaling the Great Depression. 

In a post on X, Trump said tariffs have driven stock market gains and brought“hundreds of billions” into the U.S. treasury. A court ruling against the levies now, he warned, would“make it impossible to ever recover.”

Source: @realDonaldTrump/Truth Social

The remarks come amid legal challenges to the trade measures, which Trump has credited for boosting U.S. strength and wealth.“America deserves success and greatness, not turmoil, failure, and disgrace,” he wrote.

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