Trump says high tariffs may have prevented the Great Depression. History says different

Remember that time Donald Trump claimed Kamala Harris would cause a depression if she was elected?

Remember that time Donald Trump flexed his perpetual talent for pulling capable women down to elevate himself? Of course, you do — it’s basically his brand. During the heated 2024 presidential campaign, Trump made numerous definitive statements about economic outcomes tied to the election results. “If Kamala wins, you are 3 days away from the start of a 1929-style economic depression,” he declared in a widely shared social media post. The statem…

CHARLES PAYNE: The truth about tariffs and the history lesson many critics are missing

For many years tariffs were viewed favorably by Americans. But in the 1930s one act of Congress changed people's minds. That act is erroneously blamed for the Great Depression.

Trump says high tariffs may have prevented Great Depression

WASHINGTON — In the early days of the Great Depression, Rep. Willis Hawley, a Republican from Oregon, and Utah Republican Sen. Reed Smoot thought they had landed on a way to protect American farmers and manufacturers from foreign competition: tariffs. President Herbert Hoover signed the Smoot-Hawley Tariff Act in 1930, even as many economists warned that the levies would prompt retaliatory tariffs from other countries, which is precisely what ha…

President Trump says high tariffs may have prevented the Great Depression. What history tells us

With sweeping tariffs that have sent global markets into a tailspin, President Trump argued that the U.S. was founded on steep import taxes on goods from abroad.

Trump says Oregon congressman tried ‘to save our country’ with tariffs in 1930, ‘but it was too late’

WASHINGTON — In the early days of the Great Depression, Rep. Willis Hawley, a Republican from Oregon, and Utah Republican Sen. Reed Smoot thought they had landed on a way to protect American farmers and manufacturers from foreign competition: tariffs.

In the early days of the Great Depression, the Republican representative of Oregon, Willis Hawley, and the Republican senator of Utah, Reed Smoot, thought they had found a way to protect American farmers and manufacturers from foreign competition: tariffs.