Marketplace9d
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 Angeles16d
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 ...
Seeking Alpha8d
When Tariffs Were Used As A Weapon, This Was The Price
The Smoot-Hawley Tariff Act of 1930, aimed at protecting U.S. industries, worsened the Great Depression due to retaliatory trade measures. The current economic context differs, and Trump-era ...
Yahoo Finance21d
How Trump's threatened tariffs echo a failed American trade policy of the 1930s
Willis C. Hawley (left) and Reed Smoot meeting shortly after the signing of the Smoot-Hawley Tariff Act. (Credit: National Photo Company/Wikimedia Commons/Postmedia files) Fans of the movie Ferris ...
USA Today6d
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 ...