Those tariffs are widely credited with sinking the United States deeper into the Great Depression. And although global trade ...
Something similar happened in 1930 after passage of the Smoot-Hawley Tariff, which reduced global trade and exacerbated the Great Depression, economists said. A trade war is brewing — and ...
The Smoot-Hawley Tariff encompassed roughly a quarter of all imports, flaring tensions with U.S. trading partners and halving American imports and exports as a result. Caught in the crosshairs ...