News

The last time the US raised tariffs this much it made the Great Depression way worse
Trump's tariff hike mirrors the 1930 Smoot-Hawley Tariff Act, which exacerbated the Great Depression and led to a major shift in US trade policy.
The Associated Press on MSN14d
Trump says high tariffs may have prevented the Great Depression. History says different.
Most historians look back on Smoot-Hawley as a mistake. But tariffs have a new champion in President Donald Trump.
The Independent19d
Trump points to the Depression to justify tariffs, but they’re widely seen as intensifying downturn
but [the Great Depression] lasted long beyond his terms, as you know. But it’s not too late,” claimed Trump. The Depression ended six years before FDR left office. The president's comments ...
ABC News14d
Trump says high tariffs may have prevented the Great Depression. History says different
The Great Depression began with “Black Tuesday ... He also served as commerce secretary before running for president. He could be dynamic with small groups but reserved in public.