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What to know about the Smoot-Hawley tariffs and their role in the Great Depression
Within months of the stock market crash, Hoover signed into law the Smoot-Hawley Tariff Act, a 1930 measure that increased tariffs for a broad swathe of imported goods. In response, several ...
When the U.S. Hit Canada With Steep Tariffs Before, Canada Had a Plan B
But economic, political and technological changes have left Canada with few ways to handle trade restrictions now.
Startups In Trump’s World Of Tariffs: 5 Things To Keep In Mind
The Smoot-Hawley Tariff Act of 1930, during the Great Depression, shaped how U.S. industries developed, and not only for the ...
Peninsula Daily News5d
LETTER: Tariffs are a mistake
Among the most infamous examples is the Smoot-Hawley Tariff Act of 1930, which exacerbated an already dire economic situation. Implemented to protect American farmers and manufacturers, the tariff ...
New Hampshire Public Radio1mon
With Trump proposing new tariffs, we look at a cautionary tale from U.S. history
MALONE: But that tariff bill from 1930 is anything but boring, says Dartmouth economist Douglas Irwin. DOUGLAS IRWIN: It has a lot of drama. It has really funny names, Smoot and Hawley.
The Globe and Mail10d
The U.S. tried Trumpian tariffs before – almost 100 years ago – and it was a disaster
Similar tariffs in 1930 destroyed global trade and intensified the Great Depression. The history of the Smoot-Hawley Tariff Act shows how Mr. Trump’s tariffs are likely to play out. In 1930 ...
Miami Herald21d
Think Trump’s tariffs would boost the US economy? History shows they bring disaster | Opinion
Herbert Hoover signed the retaliatory Smoot-Hawley Tariff Act of 1930, and it only made the Great Depression worse. Mark Benedict Barry Library of Congress Protectionism doesn’t work ...
AOL24d
It’s different now: Tariffs can boost U.S. jobs, wages, and the economy, finance professor says
The key difference is that America now has excessively high consumption, while it had low consumption and excess savings when the Smoot-Hawley Tariff Act was passed in 1930. "Done under current ...