Trump said: If the tariff moves, that round of 1929 will return! What was 'the Great Depression'?

Trump Tarifs: ‘1929 will return again’ Trump says: If my tariff moves, the tsunami of economic downfall will come! What is ‘Great Depression’? Last updated: August 8, 2025, 22:04 IST Trump Tarifs News: Donald Trump has now come across intimidation. He said on Truth Social that if the court removed the tariff, the US would carry a palace like 1929. Trump began to scare America. (File Photo) Washington: US President Donald Trump once again surprised the world. This time, the threat was given directly to the US judiciary and the global trading system. Trump said that if the court ruled at its tariff policy, America would be a victim of a ‘gathering’. It was also the same in 1929. Trump claims that his tariff strengthened the US economy. But if the court rejects the tariff, it will deteriorate the economic balance of the country. He described it as the beginning of ‘1929 like a palace’. Let us understand why this statement of Trump is considered dangerous, what the effect of tariff was on the US market and which was the 1929 event. Crisis with the court decision? Trump wrote on the social media platform ‘Truth Social’ that if a ‘radical left court’ decided to remove the tariff, the US would never be financially restored. He said, ‘If that happens, it will be like 1929. The destruction is certain. We will never be able to bring back our wealth, strength and respect. He plagued and wrote that if the court had to make a verdict at the tariff, then should have been at the beginning of the hearing. Now the country is at extreme economic achievements, and it will be dangerous to make such a decision at such a time. Trump’s argument: Trump benefited from the tariff claiming that the tariff favored the US economy. Billions of dollars are coming to America’s treasury. It also had a positive impact on the stock market. He named it as the ‘greatest wealth and strength of power’ for America. However, this policy is also criticized. Many economists have said that tariffs have increased the burden on the pockets of consumers and that inflation has increased. According to the WTO and IMF, the highest tariff rate has reached 20.1% in the US since 1910. This rate is the highest since the 1910s. While this rate at the beginning of Trump’s tenure was only 2.4%. After the tariff on China was raised in May this year, this rate rose to 24.8%, which was a record after 1904. At the moment, the US -China’s tariff war has gained a ‘truth’, that is, temporary stops, but this truth also ends next week. What was the greatness of 1929? In 1929 there was a major accident in the stock market in the US. It has thrown the global economy in waste for years. Unemployment has reached its peak. Banks and companies have declared the bankruptcy bankruptcy. There was economic stagnation around the world. Trump’s warning points to this history. He wants to say that if the court reverses the rates, America can go to the same economic hell again. About author Deepak Verma Deepak Verma is a journey currently operating as deputy news editor in News18 Hindi (digital). Deepak’s journey was born and broken in Lucknow, and began printing media and soon turned to digital. He … Read more Deepak Verma is a journalist currently employed as deputy news editor in News18 Hindi (Digital). Deepak’s journey was born and broken in Lucknow, and began printing media and soon turned to digital. He … Read more first published: August 8, 2025, 21:54 IST Home Knowledge Trump Said- If the rate moves, that round of 1929 will return! What was ‘the Great Depression’?