Letter: Trump tariffs another of his gigantic mistakes

Letter: Trump tariffs another of his gigantic mistakes

It’s often said that those who fail to study history are condemned to repeat it. Perhaps a brief review of the Great Depression would be helpful now. It started late in 1929. In 1930 President Hoover and congressional Republicans, against the advice of many economists and business leaders, passed the Smoot-Hawley Act, which imposed many severe tariffs. This caused the trade situation to degrade for the United States and many countries. President…

Recalling the Smoot-Hawley Tariff Act, which worsened the Great Depression

Smoot-Hawley came to be seen as exemplifying “beggar-thy-neighbour” policies that benefited one nation at the expense of the rest. Here is what to know.

Are Trump's tariffs as bad as the Smoot-Hawley Act, which is blamed for deepening the Great Depression? They're actually worse

Those dreading a return to the Smoot Hawley days think this time around could be even worse given the size and scale of Trump's new tariffs.

Do you think Trump's tariffs will hurt the economy similar to the Smoot-Hawley Act that worsened the Great Depression?

They're Not Tariffs. It's The Largest Tax Hike In U.S. History

And people wonder how this motherf*cker bankrupted a casino? Let's look at the reactions to Yambo's tariffs on Bluesky: * During the Great Depression, the Smoot-Hawley Tariff Act of 1930 significantly increased tariffs on foreign imports, leading to retaliatory measures from other countries and a sharp decline in global trade, which worsened the economic downturn. * www.youtube.com/watch?v=JOvW... — (@carljungfranz.bsky.social) 2025-04-03T00:29…

Market turmoil: Are Trump's tariffs a repeat of the 1930s trade war?

Donald Trump’s latest wave of tariffs is sending shockwaves through world economies, drawing comparisons to the infamous Smoot-Hawley Tariff Act of the 1930s. Listen to the HotCopper podcast for in-depth discussions and insights on all the biggest headlines from throughout the week. On Spotify, Apple, and more. Back then, protectionist policies triggered a global trade war, deepened the Great Depression, and led to nearly a decade of stagnant st…