The Smoot-Hawley Tariff collapsed global trade and helped transform the nascent recession into a decadelong global depression.
The tariffs being implemented by Trump are historically high, similar to tariffs imposed during the Great Depression, and the tariffs could get higher, Richardson says. But the circumstances ...
In the global trade revamp, American companies need certainty and protection to outdo their foreign rivals.
So, did tariffs cause The Great Depression? Let's discuss ... Hawley, added around 20 percent of the United States' already high imported costs. The act was initially enacted to "increase ...
The sweeping tariffs President Donald Trump announced Wednesday, combined with his other import levies, likely would plunge the nation and world into a deep recession if he follows through on the plan, economists say.
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Tariffs have a proven track record of leveling the playing field to support important industries while also ensuring that the U.S. can catch up to China in computer, energy and military manufacturing, Ferry said.
How tariffs work, why they're such a key part of Trump's agenda and the biggest effects from the latest round the president is putting in place.
The US president will symbolically declare a trade war on his partners this Wednesday with what he inaccurately calls reciprocal tariffs