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U.S. Tariff Plans Could Trigger Global Economic Crisis

3/5/2025

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Summary

Story summary

A senior official from the International Chamber of Commerce has issued a stark warning: U.S. plans for steep import tariffs could ignite a global economic crisis reminiscent of the Great Depression. Andrew Wilson emphasized the dangers of a trade war, recalling the devastating unemployment and production plummets caused by high tariffs in the 1930s.

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Story summary

A senior official from the International Chamber of Commerce has issued a stark warning: U.S. plans for steep import tariffs could ignite a global economic crisis reminiscent of the Great Depression. Andrew Wilson emphasized the dangers of a trade war, recalling the devastating unemployment and production plummets caused by high tariffs in the 1930s.