![\"Donald](\"https:\/\/www.newsbeep.com\/us\/wp-content\/uploads\/2025\/08\/152433008.jpg\" "\\"Donald")
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US President Donald Trump has warned that striking down his tariff policy would plunge the country into a Great Depression just like in 1929.<\/p>\n
President Donald Trump on Thursday warned that overturning his tariff policy would trigger an economic disaster on the scale of the Great Depression. In a Truth Social post, he cautioned that if a \u201cRadical Left Court\u201d struck down the measures, \u201cit would be 1929 all over again, a GREAT DEPRESSION!\u201d<\/p>\n
Hailing the levies as a driving force behind record-breaking market highs, Trump declared, \u201cTariffs are having a huge positive impact on the Stock Market. Almost every day, new records are set.\u201d He claimed \u201chundreds of billions of dollars\u201d were pouring into US coffers and said the duties were vital to preserving the nation\u2019s \u201cwealth, strength, and power.\u201d<\/p>\n
The comments came just hours after fresh tariff hikes of 10% or more took effect on imports from over 60 countries and the European Union. Goods from the EU, Japan, and South Korea now face 15% duties, while shipments from Taiwan, Vietnam, and Bangladesh are taxed at 20%. Earlier this week, Trump imposed a 25% surcharge on Indian products \u2014 citing New Delhi\u2019s Russian oil purchases \u2014 bringing the total tariff to 50%. He also slapped steep new levies on Swiss exports, pharmaceuticals, and computer chips.<\/p>\n
Critics, including several economists, have warned the sweeping duties risk slowing hiring, driving up consumer prices, and straining trade relations. Trump, however, pointed to the S&P 500\u2019s more than 25% rise since April and recent tax cuts he signed as proof the economy is primed for \u201cunprecedented\u201d growth.<\/p>\n
\u201cOur Country deserves SUCCESS AND GREATNESS, NOT TURMOIL, FAILURE, AND DISGRACE. GOD BLESS AMERICA!\u201d he declared. Portraying himself as the leader best equipped to steer the nation through the tariff battle, Trump added, \u201cThere\u2019s no one in history that has gone through the trials, tribulations and uncertainties such as I. Amazingly beautiful things can happen.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"US President Donald Trump has warned that striking down his tariff policy would plunge the country into a…\n","protected":false},"author":2,"featured_media":69100,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[36],"tags":[50200,18819,28,50206,12,101,5335,3303,50204,50201,50203,50205,3471,1866,7245,3998,16,3479,194,33536,50202,7729,3999],"class_list":["post-69099","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-50200","tag-bangladesh","tag-business","tag-disgrace","tag-donald-trump","tag-economy","tag-european-union","tag-failure","tag-god-bless-america","tag-great-depression","tag-greatness","tag-i-amazingly","tag-japan","tag-south-korea","tag-success","tag-taiwan","tag-times-now","tag-trump","tag-us-news","tag-us-stock-market","tag-us-tariffs-great-depression-trump","tag-us-tariffs","tag-vietnam"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/69099","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/comments?post=69099"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/69099\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media\/69100"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media?parent=69099"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/categories?post=69099"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/tags?post=69099"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}