Trump says high tariffs may have prevented Great Depression. History says different https://www.taxtmi.com/news?id=40124 The article contrasts modern unilateral imposition of tariffs under a claimed economic emergency with historical congressional tariff statutes, noting that high duties historically served as revenue and protectionist tools and that major tariff hikes have provoked foreign retaliatory measures, contraction of export markets, declines in output and employment, and diminished international cooperation. en-us Tue, 08 Apr 2025 09:46:03 +0530 Tue, 08 Apr 2025 09:46:03 +0530 TaxTMI RSS Generator Trump says high tariffs may have prevented Great Depression. History says different https://www.taxtmi.com/news?id=40124 The article contrasts modern unilateral imposition of tariffs under a claimed economic emergency with historical congressional tariff statutes, noting that high duties historically served as revenue and protectionist tools and that major tariff hikes have provoked foreign retaliatory measures, contraction of export markets, declines in output and employment, and diminished international cooperation. News - Tue, 08 Apr 2025 09:46:03 +0530 https://www.taxtmi.com/news?id=40124