Former President Donald Trump on Thursday defended his plans to slap massive tariffs on all imported goods, and he attacked the notion that such a move would plunge the United States into an economic recession. To bolster his case, Trump cited two historic examples of American tariff policy that he claimed showed success. “The Smoot-Hawley Tariff Act was passed AFTER the Great Depression had already started,” Trump wrote on his Truth Social platform. “If you want to study tariffs, and how powerful they are, study the administration of President William McKinley. America had so much money they …