Marketplace8d
What we can learn from a past tariff tiff
Those tariffs are widely credited with sinking the United States deeper into the Great Depression. And although global trade ...
NBC Los Angeles15d
What the ‘mother of all trade wars' can teach us about U.S. tariffs, according to economists
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 ...
USA Today5d
Sen. McConnell: Trump tariffs are bad policy. At $1,200, Kentuckians will pay the price.
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 ...
The Independent11d
Trump warned of what happened the last time the US tried high tariffs and ‘America first’ policies
The magnitude and scale of the proposed tariffs hark back to the US Smoot-Hawley Tariff Act enacted in 1930. For example, Nobel Laureate economist Paul Krugman told Bloomberg that “we’re ...