Tariff War Risks Sinking World Into New Great Depression
March 4, 2025
The world economy could face a crash similar to the Great Depression of the 1930s.
The world economy could face a crash similar to the Great Depression of the 1930s unless the U.S. rows back on its plans to impose steep tariffs on imports, a senior official at the International Chamber of Commerce warned.
“Our deep concern is that this could be the start of a downward spiral that puts us in 1930s trade-war territory,” said Andrew Wilson, deputy secretary-general of the ICC, which promotes global business and trade.
Dystopia, thy name is President MuskTrump.