Tariff War Risks Sinking World Into New Great Depression, International Chamber of Commerce Warns

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. High tariffs on foreign goods imported into the U.S. in that decade contributed to a damaging global recession. The downturn plunged nearly a third of the global workforce into unemployment and slashed production at heavyweight industrial economies Germany and the U.S. by half, according to research from the International Monetary Fund.

As soon the Red Hat Club see the prices at Walmart and the Golden Corral rise they’ll understand, well, maybe, a lot of them will never give up on “its Biden fault”
 
It HAS been steadily increasing. It's up 3.77% over the last 6 months, 9.06% over the last year, and 64.4% over the last five years.

How's about since Trump took office? Since, ya know - that's what we were talking about. Everyone knows the market was incredible under Biden.

Trump doesn't know economics.
 
How's about since Trump took office?
RQAA.
Since, ya know - that's what we were talking about. Everyone knows the market was incredible under Biden.
The market is not the economy. The economy was great under Trump and horrendous under Biden.

But even "the market" (one is typically referring to the DOW average when using that term) did better under Trump's 1st term than under the shadow government's subsequent term. The DOW average increased by 56% under Trump's first term, but increased only 40.6% under the shadow government's term.

I'm not sure what your point is.
Trump doesn't know economics.
Trump knows economics much more than you do.
 

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. High tariffs on foreign goods imported into the U.S. in that decade contributed to a damaging global recession. The downturn plunged nearly a third of the global workforce into unemployment and slashed production at heavyweight industrial economies Germany and the U.S. by half, according to research from the International Monetary Fund.

Trump doesn't care as long as Putin gives him his reward for tanking the US economy.
 
RQAA.

The market is not the economy. The economy was great under Trump and horrendous under Biden.

But even "the market" (one is typically referring to the DOW average when using that term) did better under Trump's 1st term than under the shadow government's subsequent term. The DOW average increased by 56% under Trump's first term, but increased only 40.6% under the shadow government's term.

I'm not sure what your point is.

Trump knows economics much more than you do.
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All his cabinet members.

I wonder how Rubio is doing as Sec. of State and what he is saying to our Allies? I hope he’s losing sleep.
Rubio proved his value to Dear Leader after the White House ambush of Zelensky.

Bolton said, "This is the point, when somebody does 180 degrees from understanding American allies to backing America's adversaries, that you resign."

He then called on Rubio and Mike Waltz, the national security adviser, to resign, adding: "This is really the time to do it. If they don't get out now, I think their reputations will suffer for a long, long time, and that would be sad because their record in believing in a strong American national security policy is very good up until now."

After Friday's meeting between Trump and Zelensky, the Ukrainian president was asked to leave the White House, with Trump later writing on social media, "I have determined that President Zelenskyy is not ready for Peace."...

...In an interview with CNN after the meeting, Rubio criticized Zelensky, saying, "That wasn't supposed to be this way, but that's the path he chose, and I think, frankly, sends his country backwards in regards to achieving peace, which is what President Trump wants at the end of the day."

He added that the Ukrainian president should apologize for "turning this thing into the fiasco" that it became and "wasting our time for a meeting that was going to end the way it did."

In August 2015, while serving as a senator and running for president, Rubio told reporters: "Russia is governed today by a gangster. He's basically an organized crime figure who controls a government and a large territory. There's no other way to describe Vladimir Putin."

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Down 1.55% ... So?

Down 2.2% ... So?
Do you realize that 1.5% is like 650 points? and 2,2% is over 800 points, that is a lot.
and just to let you know both times Trump took office he was given an economy that was doing well and he fucked it up both times.
Obama took over from Bush in a recession almost a depression and turned it around handed it off to Trump and he left it a mess , Biden took over and yes we had inflation but you only hear that it was caused by COVID when you right wingers talk about Trump and not Biden, and Biden turned it around and handed Trump an economy that wasn't doing bad and Trump HAS already fucked it up AGAIN.
And another thing you MAGAS cried and cried when Obama ran the debt up almost 8 Trillion in EIGHT years and didn't say a fucking word about Trump running it up ALMOST as much as Obama did and Trump did it all in JUST FOUR years.
 
Do you realize that 1.5% is like 650 points? and 2,2% is over 800 points, that is a lot.
and just to let you know both times Trump took office he was given an economy that was doing well and he fucked it up both times.
Obama took over from Bush in a recession almost a depression and turned it around handed it off to Trump and he left it a mess , Biden took over and yes we had inflation but you only hear that it was caused by COVID when you right wingers talk about Trump and not Biden, and Biden turned it around and handed Trump an economy that wasn't doing bad and Trump HAS already fucked it up AGAIN.
And another thing you MAGAS cried and cried when Obama ran the debt up almost 8 Trillion in EIGHT years and didn't say a fucking word about Trump running it up ALMOST as much as Obama did and Trump did it all in JUST FOUR years.
Sybil doesn't do math. Jus' sayin'. :)
 

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. High tariffs on foreign goods imported into the U.S. in that decade contributed to a damaging global recession. The downturn plunged nearly a third of the global workforce into unemployment and slashed production at heavyweight industrial economies Germany and the U.S. by half, according to research from the International Monetary Fund.

You alt leftie dummies were much happier when 10,000,000 illegals were invading our cities costing us billions. STFU.
 
It was coming anyways.....I have been warning of economic calamity for almost a decade, but I was predicting 2028 to 2034 is when it starts.

It is likely here now.
 
I suggested several months ago that it looked like the Elites plan to take the chaos and deprivation that has been building over decades of mismanagement and blame it all on Trump/MAGA and then use that as a springboard to the total enslavement of the America people....15 minute slums, digital currencies, carbon credit points, apps that monitor and control our every movement....that sort of thing.

This increasingly looks like it is the case.
 
MAGA is an attempted counter-revolution, but what is the nature of the revolution? This has been a subject of great debate on my grapevine.

I am now fairly sure that it is Maoist, that I have been right that the Han are conducting a controlled implosion of the West.
 

The world economy could face a crash similar to the Great Depression of the 1930s
You can't blame an economic depression that Democrats caused on Trump, Gunky!
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.
Tariffs do not affect domestic products, Gunky.
“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. High tariffs on foreign goods imported into the U.S. in that decade contributed to a damaging global recession. The downturn plunged nearly a third of the global workforce into unemployment and slashed production at heavyweight industrial economies Germany and the U.S. by half, according to research from the International Monetary Fund.

The usual stupid fear mongering.
 
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