Trump warns of economic fallout and praises tariffs amid trade tensions

1 min read
Source: CNN
Trump warns of economic fallout and praises tariffs amid trade tensions
Photo: CNN
TL;DR Summary

President Trump warned that a court ruling against his emergency tariffs could lead to a 1929-style Great Depression, though experts suggest that such tariffs are unlikely to cause a recession and may even be stimulative if reduced. The legal challenge involves whether Trump overstepped his authority in imposing tariffs, with a decision expected from the Supreme Court. While Trump claims tariffs boost the stock market, analysts argue they slow growth and act as a hidden tax on consumers.

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