Re: The Hawley-Smoot Tariff Act

On Wed, 27 Nov 2024 12:34:59 -0600, JAB <here@is.invalid> wrote:

Signature
President Herbert Hoover signed the law into effect on June 17, 1930.
Impact
>
The law raised tariffs on more than 20,000 imported goods by an
average of 40-60%. The law led to a decline in global trade by 65%.
>
Effect on the Great Depression
The law is widely considered to have made the Great Depression worse.
The law was driven by political considerations rather than economic
ones, and was not well received by voters.

CEOs are warning Trump tariffs will hit consumers: 'Higher prices are
not helpful'
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Trump's bullshit has consequences....suck it up suckers/losers.