'Highest tariffs since Great Depression': In 1930's, trade plummeted and global depression deepened

President Donald Trump began levying higher import taxes on 60 countries and the European Union, just as the economic fallout of his monthslong tariff threats has begun to create visible damage for the US economy. Trump expects the EU, Japan and South Korea to invest hundreds of billions of dollars in the US. For in-depth analysis and a deeper perspective, FRANCE 24's Stuart Norval welcomes Ryan Young, Senior Economist at the Competitive Enterprise Institute (CEI).

Aug 7, 2025 - 11:00
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'Highest tariffs since Great Depression': In 1930's, trade plummeted and global depression deepened
President Donald Trump began levying higher import taxes on 60 countries and the European Union, just as the economic fallout of his monthslong tariff threats has begun to create visible damage for the US economy. Trump expects the EU, Japan and South Korea to invest hundreds of billions of dollars in the US. For in-depth analysis and a deeper perspective, FRANCE 24's Stuart Norval welcomes Ryan Young, Senior Economist at the Competitive Enterprise Institute (CEI).

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