Trump’s Trade Wars Risk Global Depression
The U.S.’s planned imposition of significant import tariffs poses a severe threat to the global economy, according to a senior official at the International Chamber of Commerce. This protectionist approach risks triggering a downward spiral reminiscent of the 1930s trade wars, potentially causing a global economic crisis. Historical parallels to the Great Depression, marked by widespread unemployment and drastically reduced industrial production, underscore the severity of the risk. The ICC urges a reconsideration of these policies to avert a major economic downturn.
John Q. Hosedrinker 
Matt Underwood