Vehicle carrier cargo ships docked near the Hyundai Motor Co. plant in Ulsan, South Korea, March 30.
Photographer: SeongJoon Cho/BloombergThe Big Take
Trump’s Tariffs Set to Make History and Break a System MAGA Loathes
His plans have sparked fears of a US recession and a global slowdown, as well as the end of a post-war order.
Nearly 100 years ago, the US enacted a tariff law that set off a global trade war and prolonged and deepened the Great Depression.
Now President Donald Trump is betting the world has changed enough that history won't repeat itself.