WHAT THE 'MOTHER OF ALL TRADE WARS' CAN TEACH US ABOUT U.S. TARIFFS, ACCORDING TO ECONOMISTS
https://image.cnbcfm.com/api/v1/image/108097732-1738763560599-1024px-Smoot_and_Hawley_standing_together_April_11_1929.jpg?v=1738772602&w=1920&h=1080
✍️ The US has imposed a 10% tariff on all imports from China, sparking a trade war. Experts warn that this could lead to a global economic downturn, similar to the Great Depression.
👉 The US has imposed a 10% tariff on all imports from China 👉 China has retaliated with its own tariffs on select US imports 👉 Experts warn that this could lead to a global economic downturn, similar to the Great Depression 👉 The US has also threatened to impose tariffs on Canada, Mexico, and the European Union 👉 This move is reminiscent of the Tariff Act of 1930, also known as the Smoot-Hawley Tariff
-- #DonaldTrump #MetteFrederiksen #DougIrwin #KrisJamesMitchener #WillisHawley #ReedSmoot #HerbertHoover #ScottLincicome #BrettHouse #BarackObama #JustinTrudeau #Qingdao,China #QingdaoPort #Canada #Mexico #EuropeanUnion #Denmark #politics
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