Donald Trump hails his tariffs for fueling historic market gains but warns America could face an economic collapse rivaling 1929 if a court strikes them down.
In a fiery declaration on Friday, US President Donald Trump claimed his aggressive tariff strategy is catapulting the American stock market to record-breaking highs and flooding the Treasury with “hundreds of billions of dollars.” But he issued a dire warning: a court ruling against him could trigger an economic catastrophe on par with the Great Depression of 1929.
Trump, in an extended social media post, credited his tariffs with having a “huge positive impact” on the economy, boasting of “new records set almost every day.” The president cautioned that if a “Radical Left Court” derailed his trade policies now, America would face irreversible damage and “lose its chance at greatness.”
“If the court strikes us down now, it would be 1929 all over again—a GREAT DEPRESSION,” Trump declared, warning that decades of wealth, strength, and power would be wiped out overnight. He blasted the judiciary for not ruling earlier, insisting that the stakes had never been higher.
The president ended with a rallying cry: “Our country deserves success and greatness, not turmoil, failure, and disgrace. God bless America!”
Trump’s sweeping new tariffs, targeting imports from dozens of nations, officially took effect on Thursday—setting the stage for a political and economic showdown.
