U.S. tariff rates under Trump will be higher than the Smoot-Hawley levels from Great Depression era

The last time the US raised tariffs this much it made the Great Depression way worse

President Donald Trump announced reciprocal tariffs on imported goods from other countries on Wednesday.Carlos Barria/REUTERSTrump increased tariffs on US imports to the highest levels in nearly a century.The Smoot-Hawley Tariff Act of 1930 raised tariffs and worsened the Great Depression.Prior to the Great Depression, Republicans were the pro-tariff party.Tariffs haven't been raised this dramatically in a long time, perhaps because the last tim…

Tariffs will hammer hardware, create consumer chaos, and could stifle the AI boom

This feels like a full economic eclipse.  The sun has vanished, and everyone’s feeling around in the dark asking the same question: What do tariffs mean for me? It’s not an ideal metaphor, because a total solar eclipse is a far more common—and limited—occurrence than the global “Liberation Day” confusion sown by Trump’s tariffs. That’s not to say there isn’t historical precedent here, even if it’s alarming. In 1930, less than a year after Black …

How the Smoot-Hawley Tariff Act compares to Trump's reciprocal tariffs

Trump's new tariffs exceed levels following the Smoot-Hawley Tariff Act, risking global retaliation and economic slowdown.

With the tariffs announced on Wednesday by Donald Trump, the average rate of customs duties could reach 25 per cent, ten what it was at the beginning of the year. And would be well above the rate of nearly 20 per cent in 1933, the previous record.

U.S. tariff rates under Trump will be higher than the Smoot-Hawley levels from Great Depression era

Evercore ISI strategist Sarah Bianchi said the new policies put the effective tariff rate above the level of around 20% set by 1930's Smoot-Hawley Tariff Act.

Trump Tariffs Demonstrate Presidency Without Constitutional Bounds - The Ron Paul Institute for Peace & Prosperity

The tariffs President Donald Trump announced on Wednesday are massive in size and scope, Indeed, some early analysis indicates Trump has raised the United States average tariff rate to higher than did the Smoot-Hawley Tariff Act of 1930 that contributed to the American people’s suffering in the Great Depression. A big difference, though, is that Trump on his own was able to impose his sweeping tariffs this week, while the 1930 tariffs were impos…