There are also fears that the tariffs could trigger an economic downturn reminiscent of the Great Depression ... enacted the Revenue Act of 1932, which increased income tax rates from 25% to ...

WASHINGTON — In the early days of the Great Depression ... signed the Tariff Act of 1789, the first major legislation approved by Congress, which imposed a 5% tax on many goods imported ...

The president argued that before the income tax on ... a tariff act from President Herbert Hoover at the time. “In 1929, it all came to a very abrupt end with the Great Depression, and it ...

Trump claimed Wednesday that the good times in the U.S. “all came to a very abrupt end with the Great Depression ... Simmons Tariff Act around the same time, which lowered tax rates as ...

Trump’s tariff announcement on April 2, 2025, was a long time coming, but the extent of the tax ... Hawley Act of 1930, passed by Congress to try and alleviate the original Great Depression.

In the early days of the Great Depression ... Washington signed the Tariff Act of 1789, the first major legislation approved by Congress, which imposed a 5% tax on many goods imported into ...

WASHINGTON (AP) — In the early days of the Great Depression ... signed the Tariff Act of 1789, the first major legislation approved by Congress, which imposed a 5% tax on many goods imported ...