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Bottom Line
The tariff did lower inflation (causing deflation), but it made the Great Depression worse.
• If the economy were overheating, a tariff might slow inflation.
• But in 1930, the economy was already weak, so the tariff deepened the crisis.
But in 2025 the economy was remain strong. It won’t be crisis. It’s just a short term pain.
Mr. Fan, good fact!, There is nothing to fear except fear itself. However, all I can say is Biden economy remain strong. But Trump make everyone hate American Brand again. I wonder if Tesla Sales fall next quarter. Well, that is just my feeling. I always call trumpcession is a short term 4 years pain. I also believe that there will not be any Fed Rate Cut this year. Powell need more data from impact of tariff.