President Donald Trump said in a Truth Social post on Friday that his tariff policy is driving record stock-market gains and channeling "hundreds of billions of dollars" into federal coffers. Trump asserted that equities are hitting fresh highs "almost every day" and described the levies as having a "huge positive impact" on markets. He warned that if what he called a "radical left court" overturned the measures, the United States could face a downturn comparable to the 1929 Great Depression. The comments come as appellate judges weigh legal challenges to the 145% tariff on Chinese goods that took effect on 9 April. Strategists note the trade regime is prompting investors to favor overseas bourses, with international stock benchmarks on pace to outstrip the S&P 500 for the first time since 2022.