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One expert is comparing the fallout from President Donald Trump’s tariffs to the aftermath of a trade policy that deepened the Great Depression.
Then he argued that the U.S. ended tariffs, despite a tariff act from President Herbert Hoover at the time. “In 1929, it all came to a very abrupt end with the Great Depression, and it would ...
In the early days of the Great Depression ... farmers and manufacturers from foreign competition: tariffs.President Herbert Hoover signed the Smoot-Hawley Tariff Act in 1930, even as many ...
In the early days of the Great ... Depression, Rep. Willis Hawley, a Republican from Oregon, and Utah Republican Sen. Reed Smoot thought they had landed on a way to protect American farmers and ...