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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 ...
NBC New York4d
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. President Donald Trump on Saturday ...
The Conversation2d
The US tried high tariffs and ‘America first’ policies in the 1930s. Trump should note what happened next
The magnitude and scale of the proposed tariffs hark back to the US Smoot-Hawley Tariff Act enacted in 1930. For example, Nobel Laureate economist Paul Krugman told Bloomberg that “we’re ...
NKyTribune6d
Our Rich History: The Smoot-Hawley Tariff of 1930 and Kentucky’s congressional delegation
By Paul A. Tenkotte, PhD Special to NKyTribune There are many memorable scenes from the movie Ferris Bueller’s Day Off. One ...
Forbes27d
What If Trump Is Right About Tariffs?
And he frequently begins by talking about the infamous Smoot-Hawley tariff of 1930. (Prior analysis: Tax Notes, Dec. 19, 2016, p. 1398.) Trump critics routinely invoke Smoot-Hawley as an object ...
Peninsula Daily News16d
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 ...
Kansas City Star1mon
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 ...