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The Independent UK
The Independent UK
Gustaf Kilander

Trump points to the Depression to justify tariffs, but they’re widely seen as intensifying downturn

Donald Trump Depression United States Franklin D Roosevelt FDR

As he announced widespread tariffs on Wednesday, President Donald Trump claimed that the Great Depression would never have happened had the U.S. stuck to its tariff policy — even though experts say the tariffs worsened the economy at the time.

Trump indicated trouble began after an income tax was launched in 1913. Before that the U.S. relied on tariffs.

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