Here’s how present events are mirroring a key point in U.S. history that led to a trade war and exacerbated the Great ...
While the White House is claiming Canada's pledge to spend $1.3bn (£1bn) on a border protection plan has given it diplomatic ...
Willis C. Hawley (left) and Reed Smoot meeting shortly after the signing of the Smoot-Hawley Tariff Act. (Credit: National Photo Company/Wikimedia Commons/Postmedia files) Fans of the movie Ferris ...
Like our predecessors in 1930, we oppose the use of tariffs as a general tool for economic policy.
Though Congress holds power over regulating commerce with foreign nations, it has incrementally delegated significant ...
And during the Great Depression, the Hawley-Smoot tariff boosted the average U.S. import tax to 59 per cent. For a century and a half, from the early 1800s until the late 1940s, U.S. tariffs were ...
Tariffs are pure Trump: unconventional, daring, unafraid of challenging established relationships and ways of conducting business and diplomacy, contemptuous of history and, in this case, even geograp ...
But the pause is only for a month, and a 10 percent tariff that Trump announced on Chinese imports, on top of existing ...
For example, Congress passed a sweeping range of tariff hikes, some as high as 60%, after the stock market crash of 1929 under the Smoot-Hawley Tariff Act to protect the farming industry.
By Paul A. Tenkotte, PhD Special to NKyTribune There are many memorable scenes from the movie Ferris Bueller’s Day Off. One ...
The Smoot-Hawley Tariff Act of 1930 kneecapped America's ability to escape the Great Depression, and today's trade wars look ...
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 ...