‘1929 all over again, Great Depression’: Trump warns courts – is US tariff war about to hit legal wall?
Donald Trump cautioned American courts against weakening the International Emergency Economic Powers Act (IEEPA), a law he used to impose tariffs, including a 50% tariff on India. Trump warned on Truth Social that invalidating the IEEPA could trigger a severe economic downturn, likening it to the Great Depression of 1929.