Trump indicates the Great Depression to justify the rates, but are widely seen as an intensified recession

While announced the rates spread on Wednesday, President Donald Trump said that the Great depression It would never have happened if the United States blocked their tariff policy, even if the experts say that the rates have worsened the economy at that moment.

Trump indicated that the problems started after an income tax was launched in 1913. Before The United States were based on rates.

“From 1789 to 1913 we were a tariff supported nation, And the United States were proportionally the richest I ever been, “said the president.

The United States “gathered so much money, so quickly, we didn’t know what to do with it,” said Trump.

“So, in 1913, for reasons unknown to humanity, they established income tax so that citizens, rather than foreign countries, would have started paying the money necessary to manage our government,” he said.

The rates imposed on foreign goods are not paid by foreign nations, since Trump often supports falsely.

The US rates imposed on imported goods are paid to the American government by companies in the United States that import the goods. Much, if not everyone, of that additional cost is passed to consumers in the form of higher purchase prices.

Trump said on Wednesday that the good moments in the United States “Everyone ended with the Great Depression” in 1929.

“It would never have happened if they had remained with tariff policy; it would have been a very different story,” Trump insisted. “They tried to bring the rates to save our country, but it was disappeared. It was too late, nothing could have been done.”

Trump exposed the false argument when he announced a 10 % rate on all countries, a higher mutual rate in about 60 countries and a 25 % rate on foreign manufacture cars.

As for the time before depression, Republicans present an amendment to income tax in 1913 while farmers fought e Democrats pushed for the measurement and the sixteenth amendment that established taxes became law.

Congress He passed the Underwood-Simmons tariff law in the same period, which reduced the tax rates while the Democrats pushed for free trade. The rates, however, were raised once again under the guidance of republican president Warren Harding.

The 1930 Smoot-Hawley Ramiff raised rates on thousands of goods and is widely seen how to exacerbate the economic spiral downwards. Smoot-Hawley “remains a password for the dangers of protectionism”, observes the Department of State‘S Historical office.

“Smoot-Hawley did nothing to encourage cooperation between the nations in the economic or political kingdom during a dangerous era in international relations,” says the site. “It quickly became a symbol of the” Mendicanti-Thy-Vicini “policies of the 1930s. These policies, which were adopted by many countries during this period, contributed to a drastic contraction of international trade”.

The law is considered that it worsened the economic decline, which lasted between 1929 and 1939, as it undermined international trade and drastically reduced the nation income from the products.

Trump supported Wednesday that “he wanted years and years to leave that depression, much longer than FDR He had that office just over there for a long period of time. “

Depression ended in 1939 in the middle of the beginning of Second World WarAnd President Franklin D. Roosevelt remained in office from 1933 to 1945, becoming the only president to serve more than two terms.

Speaking in Roseto of its large ratesTrump indicated the system of ramps built for Roosevelt, who used a wheelchair.

“Every time you walk, you think of him. And he has done an excellent job in many ways, but (the great depression) lasted over his terms for a long time, as you know. But it’s not too late,” said Trump.

Depression ended six years before the FDR left the office.

The president’s comments come when he refused to exclude the search for a third -term mandate constitutionally, which is prevented pursuant to the 22nd amendment, which was approved in 1951, following the four terms of Roosevelt in office.