Donald Trump Cited a Time of Economic Turmoil as a Positive Example of Tariffs Working
Type: Trouble Understanding ThingsFeb 11 2019 Severity: About: Business & Economy
Donald Trump cited a time that America was experiencing a twenty-three year long depression as a prime example of why tariffs work. His claim was ridden with errors from claiming the US "had no debt" during that time to saying the country "had no problems economically" even though it was going through a terrible depression.
Quote | The President cited 1888, which was in the middle of a twenty-three year long depression.
“If you look back at our country, when we were very rich, when we had no debt, when we had no problems economically,” Trump said. “You take a look. 1888! The great tariff debate. You know what the debate was about? Our country had so much money, they had to debate what the hell to do with all the money!”