As he announced a wide tariffs on Wednesday, President Donald Trump claimed it was Grandmother It would never happen that they were stuck at her tariff policy – although experts say that the tariffs have worsened the economy at the time.
Trump indicated the problems began after the income tax introduced in 1913. years. Before Now relied on tariffs.
“From 1789. until 1913. We were a tariff nation that supported, And the United States was proportional to the richest thing that was ever “, the president claimed.
Now they “collected so much money, so fast, we didn’t know what to do with that,” Trump claimed.
“Then in 1913, for reasons unknown to humanity, established income tax so that citizens would, and not foreign countries began to pay the money necessary to keep our government.” He said.
The tariffs imposed on foreign goods do not pay foreign nations as a trump card often false hard.
American tariffs imposed imported goods, the US government pay companies in the USA importing goods. Much, if not, all, from it is charged with consumers in the form of higher purchase prices.
Trump claimed Wednesday that good times in the US “all came to a very sudden end with great depression” in 1929. years.
“It would never happen if they were staying with tariff politics; it would be much different in the story,” Trump insisted. “They tried to restore tariffs to save our country, but it wasn’t. It wasn’t too late, nothing could do anything.”
Trump set a false argument because he announced a tariff of 10 percent in all countries, a greater reciprocal tariff about 60 countries, and 25 percent of the tariffs on foreign cars.
As for time before depression, Republicans express a change in income tax in 1913. years, because farmers fought, and Democrats pushed for the measure, and 16. Amendment for the Tax Institute became the law.
Congress He invested the tariff tariff in the underworld-Simmons at the same time, which reduced tax rates such as Democrats pushed for free trade. The tariffs, however, was filed once again under the leadership of the Republic President Warren.
Tariff’s act of Smoot-Hawley from 1930. He raised tariffs to thousands of goods, and widely considered deteriorating economic descending spirals. Smoot-Hawley “remains an hour for the danger of protectionism,” records State Department‘S Historian Office.
“Smoot-Hawley did not do anything to encourage cooperation between nations in the economic or political empire during the dangerous age in international relations”, place of place. “He quickly became a symbol of the” beggars-your neighbors from the 1930s. Such policies, which have been adopted by many countries at this time, contributed to the drastic contraction of international trade. “
The law is considered to have worsened the economic decline, which lasted between 1929. and 1939, because international trade died and drastically reduced product revenue.
Trump claimed Wednesday that “took years and for years to get out of that depression, far longer than even FDR He had the office right there for a long time. “
Depression ended in 1939. In the middle of the beginning World War IIAnd President Franklin D. Roosevelt remained in the office of 1933. until 1945, becoming the only president who served more than two concepts.
Speaking Pink garden of his extensive tariffTrump pointed to the ramp system built for Roosevelt, which used a wheelchair.
“Every time you go up, you mean him. And he made a great job in many ways, but [the Great Depression] It lasted a long time outside his terms, as you know. But it’s not too late, “Trump claimed.
Depression ended up six years before FDR leaving offices.
The president’s comments come as he refused to exclude the constitutional banned third deadline, which was prevented from 22. Amendment, which was passed in 1951. year, after the Roosevelt Office.