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Trump's tariff hike mirrors the 1930 Smoot-Hawley Tariff Act, which exacerbated the Great Depression and led to a major shift in US trade policy.
The Associated Press on MSN22d
Trump says high tariffs may have prevented the Great Depression. History says differentWASHINGTON (AP) — 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 ...
History may not perfectly repeat itself, but it often rhymes. Two protectionist episodes — the infamous Smoot-Hawley Tariff ...
The Great Depression began with “Black Tuesday ... Trying to keep his campaign promise to protect farmers, Hoover pushed Congress for higher agricultural tariffs. But a chief goal was ...
One expert is comparing the fallout from President Donald Trump’s tariffs to the aftermath of a trade policy that deepened the Great Depression.
Or as the journalist Raymond Clapper wrote of Roosevelt at the end of his first term: “It is scarcely an exaggeration to say ...
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 ...
The Great Depression began with “Black Tuesday ... Trying to keep his campaign promise to protect farmers, Hoover pushed Congress for higher agricultural tariffs. But a chief goal was ...
In 2023, a program connecting Utah farmers and ranchers to free therapy vouchers was so successful, the federal money ran out ...
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