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+--- Thread: Tariff War Risks Sinking World Into New Great Depression, International Chamber of Commerce Warns (/showthread.php?tid=294744)
Tariff War Risks Sinking World Into New Great Depression, International Chamber of Commerce Warns - Tiangou - 03-05-2025
https://www.msn.com/en-us/money/other/tariff-war-risks-sinking-world-into-new-great-depression-international-chamber-of-commerce-warns/ar-AA1AcSyv
“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...
Re: Tariff War Risks Sinking World Into New Great Depression, International Chamber of Commerce Warns - mrbigstuff - 03-05-2025
Geez, and what happened to world politics after the depression... Can't recall...
Re: Tariff War Risks Sinking World Into New Great Depression, International Chamber of Commerce Warns - pdq - 03-05-2025
Smoot-Hawley (both Republicans, BTW, and signed by Hoover) redux.
It worked so well last time…
Re: Tariff War Risks Sinking World Into New Great Depression, International Chamber of Commerce Warns - Rolando - 03-06-2025
nvm