{"id":328892,"date":"2025-08-08T21:34:14","date_gmt":"2025-08-08T21:34:14","guid":{"rendered":"https:\/\/www.europesays.com\/uk\/328892\/"},"modified":"2025-08-08T21:34:14","modified_gmt":"2025-08-08T21:34:14","slug":"would-be-1929-all-over-again-trump-says-striking-down-tariffs-would-spark-another-great-depression","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/uk\/328892\/","title":{"rendered":"Would be 1929 all over again: Trump says striking down tariffs would spark another \u2018Great Depression\u2019"},"content":{"rendered":"<p>US President <a data-ga-onclick=\"Inarticle articleshow link click#News#href\" target=\"_blank\" href=\"https:\/\/m.economictimes.com\/panache\/panache-people-101\/donald-trump\/profileshow\/79057526.cms\" rel=\"noopener\">Donald Trump<\/a> on Friday warned that striking down his <a ref=\"dofollow\" data-ga-onclick=\"Inarticle articleshow link click#News#href\" href=\"https:\/\/m.economictimes.com\/topic\/reciprocal-tariffs\" target=\"_blank\" rel=\"noopener\">reciprocal tariffs<\/a> policy could plunge the United States into an <a ref=\"dofollow\" data-ga-onclick=\"Inarticle articleshow link click#News#href\" href=\"https:\/\/m.economictimes.com\/topic\/economic-collapse\" target=\"_blank\" rel=\"noopener\">economic collapse<\/a> reminiscent of the Great Depression of 1929.<\/p>\n<p>In a post on his Truth Social account, Trump claimed that \u201calmost every day, new records are set\u201d in <a ref=\"dofollow\" data-ga-onclick=\"Inarticle articleshow link click#News#href\" href=\"https:\/\/m.economictimes.com\/topic\/wealth-creation\" target=\"_blank\" rel=\"noopener\">wealth creation<\/a> and that \u201chundreds of billions of dollars are pouring into our Country\u2019s coffers\u201d as a result of his <a ref=\"dofollow\" data-ga-onclick=\"Inarticle articleshow link click#News#href\" href=\"https:\/\/m.economictimes.com\/topic\/trade-measures\" target=\"_blank\" rel=\"noopener\">trade measures<\/a>. He argued that if a \u201cRadical Left Court\u201d were to rule against the tariffs at this stage, it would \u201cdisturb the largest amount of money, wealth creation and influence the U.S.A. has ever seen\u201d and cause losses so severe \u201cit would be impossible to ever recover, or pay back.\u201d<\/p>\n<p> \u201cIt would be 1929 all over again, a GREAT DEPRESSION!\u201d he wrote.<\/p>\n","protected":false},"excerpt":{"rendered":"US President Donald Trump on Friday warned that striking down his reciprocal tariffs policy could plunge the United&hellip;\n","protected":false},"author":2,"featured_media":328893,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3090],"tags":[51,32,118372,5211,1700,118371,118374,15400,118373,16,15,21246],"class_list":{"0":"post-328892","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-economy","8":"tag-business","9":"tag-donald-trump","10":"tag-economic-collapse","11":"tag-economic-policy","12":"tag-economy","13":"tag-great-depression-1929","14":"tag-radical-left-court","15":"tag-reciprocal-tariffs","16":"tag-trade-measures","17":"tag-uk","18":"tag-united-kingdom","19":"tag-wealth-creation"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@uk\/114995295863703245","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/328892","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/comments?post=328892"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/328892\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media\/328893"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media?parent=328892"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/categories?post=328892"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/tags?post=328892"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}