Billionaire investor Carl Icahn issued a warning about U.S. tariffs on Monday, noting protectionist trade policies have brought about stock-market crashes.
"With tariffs, it's a very dangerous game you're playing," Icahn said on CNBC's "Halftime Report." "It helped bring the crash in 1929. I'm not a great supporter of that."
The Trump administration has slapped tariffs on billions of dollars worth of imports, including those coming from China, the United States' biggest trade partner. Several of those partners have retaliated with levies of their own, including China.
His comments also come after the Dow Jones Industrial Average and S&P 500 dropped more than 4 percent last week. Equities fell along with global markets as investors fretted about rising borrowing costs potentially slowing down the world economy.
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