Smoot-Hawley Act

Washington DC - US - Mar 22, 2024 A black and white of people waiting in a bread line from the Great Depression, a part of the Franklin Delano Roosevelt Memorial, located on the Tidal Basin.

Tariffs and the Specter of Smoot-Hawley

Bad trade policy helped prolong the Great Depression. Even a muted repeat of this experience is terrifying. Stock prices have tumbled, and anxieties have soared with the White House announcement...