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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 MSN23d
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 ...
Farmers are dying by suicide at the third-highest rate by vocation in Utah. But after a federal program offering mental ...
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 ...
One expert is comparing the fallout from President Donald Trump’s tariffs to the aftermath of a trade policy that deepened the Great Depression.
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