NLN World: Washington, D.C. – President Donald Trump took to Truth Social to defend his tariff policies, asserting they are driving unprecedented economic gains, with the stock market setting “new records almost every day” and “hundreds of billions of dollars” flowing into the U.S. treasury. He warned that a court ruling to block these import taxes now would jeopardize the nation’s historic wealth and global influence, potentially plunging the country into a “Great Depression” akin to 1929.
Trump criticized the timing of any potential judicial intervention, stating, “If they were going to rule against the wealth, strength, and power of America, they should have done so long ago, at the beginning of the case.” He argued that a late ruling against the tariffs would squander “the largest amount of money, wealth creation, and influence the USA has ever seen.” The president’s remarks highlight his belief that the tariffs are critical to sustaining America’s economic momentum.
The warning comes as legal challenges to Trump’s tariffs intensify, with debates over their impact on trade and consumer prices. Supporters claim the tariffs bolster domestic industries and revenue, while critics argue they risk escalating costs and straining international relations. By invoking the specter of the Great Depression, Trump aims to underscore the stakes of the ongoing legal battles, framing any move to halt the tariffs as a catastrophic threat to the nation’s economic stability and recovery.
