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UBS Management Director Jason Katz and Pence Wealth Management Cio Dryden Pence, S & P record boards and President Donald Trump’s Tariff Plans on “Claman Countdown”.
The legendary economist Thomas Sowell came to the President Donald Trumps Tariffs in the interviewer on Wednesday, released the risk of the “destructive history”, which causes a trade war of tariffs and worsen the great depression.
The Hoover Organization on Wednesday, Sowell, Rose and Milton Friedman, Hoover, the Thinking Tank left part of an interview with the Hoover organization “Unusual knowledge with Peter Robinson“The series. In the interview, the famous conservative economist, the” seeing “the administration,” he said, “he said,” he said.
Sowell referred to Smoot-Hawley tariffs Extensive tariffs In the early stages of discussion and implemented in 1929 and 1930s, in the early stages of the Great Depression, it was carried out to protect the American industry from foreign competitions. Foreign countries revenge revenge, believe that economists who cause global trade decreasing are now deepening depression.
Trump’s tariffs may be short-term, limited measures to achieve strategic goals, but may repeat the “destructive history” of the global trade war, but can be retreated as a result of uncertainty of consumers and investors.
What is the time frame for tariffs that cause Trump’s price increase?
Economist Thomas Sowell (Fox Business / Fox News)
“It is painful to see a decision returning in the 1920s.
Sowell then went to say President Franklin D. Roosevelt, then Smoot-Hawley tariffs He had an influence, performed policy experiences with an effort to eliminate the economy. He noted that this approach may be effective in the system based on the predicted rules, but it can create uncertainty in the absence of arbitrary and unilateral actions in the absence of a reliable framework.
What do you need to know about President Trump’s ‘Freedom Day’ tariffs
President Donald Trump demonstrates tariffs for the US trade partners during the announcement of “Freedom Day”. (Chip Somodevilla / Getty Images)
“It’s worried in another sense.
“If you are now a bad approach if you are in a system of guidelines, it’s not a bad approach. If you are the one who prepares rules, it is a formula because of what all other people think of what other people do and you can get results as you get during this time Great Depression Of the 1930s. “
Wall Street fires see the risk of growing decline on the trade war
Tariffs are taxes paid by importers, then the recipient is in a good way, prices are generally transferred to consumers. (Mark Felix / Bloomberg) via Getty Imager)
“So, if this is a set of short-term posters for various limited purposes that are limited in time, maybe it has been so many years that you have so much for many years, and you will be able to try a lot of people.”
“I think that when work has been significantly decreased, what happened in the stock market:” He is “because he added, they hold their money because they have added money.”
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94-year-old Sowell retired in 2016 to write a syndicated column in 2016. Conservatives and Libertars called on the presidency medal for him to buy a presidency medal Economics and public policy over his career.
The video of the Hoover noted that the full report with Tomas Sowell will be broadcast on Peter Robinson video series on April 15, 2025.
