US President Donald Trump on Friday warned that striking down his reciprocal tariffs policy could plunge the United States into an economic collapse reminiscent of the Great Depression of 1929.
In a post on his Truth Social account, Trump claimed that “almost every day, new records are set” in wealth creation and that “hundreds of billions of dollars are pouring into our Country’s coffers” as a result of his trade measures. He argued that if a “Radical Left Court” were to rule against the tariffs at this stage, it would “disturb the largest amount of money, wealth creation and influence the U.S.A. has ever seen” and cause losses so severe “it would be impossible to ever recover, or pay back.”
“It would be 1929 all over again, a GREAT DEPRESSION!” he wrote.