What was the Smoot-Hawley Tariff Act of 1930? What to know about retaliatory tariffs
What was the Smoot-Hawley Tariff Act of 1930? What to know about retaliatory tariffs
Apr 3, 2025
northjersey.com
The Smoot-Hawley Tariff Act of 1930 raised U.S. import duties with the goal of protecting American farmers and businesses from foreign competition. The Smoot-Hawley Tariff Act is now widely blamed for worsening the severity of the Great Depression in the U.S. and around the world. In May 1930, Canada, the country’s most loyal trading partner, retaliated by imposing new tariffs on 16 products that accounted altogether for around 30% of US exports to Canada. Canada later also forged closer economi
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The Smoot-Hawley Tariff Act of 1930 raised U.S. import duties with the goal of protecting American farmers and businesses from foreign competition. The Smoot-Hawley Tariff Act is now widely blamed for worsening the severity of the Great Depression in the U.S. and around the world. In May 1930, Canada, the country’s most loyal trading partner, retaliated by imposing new tariffs on 16 products that accounted altogether for around 30% of US exports to Canada. Canada later also forged closer economi
21.6K viewsMar 4, 2025
FacebookNow That’s Canadian
Y’all ever peep how history be on repeat? Back in 1930, the Smoot-Hawley Act hit America with sky-high tariffs, thinking it would protect U.S. jobs— but instead, it crashed the economy even harder during the Great Depression. Now, Trump out here running the same tired playbook, throwing up tariffs like it’s gonna save us. Nah, all it does is spark trade wars, jack up prices, and hurt working folks. We ain’t tryna relive no economic disaster. Learn from the past or get smacked by it. #HistoryAint
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Y’all ever peep how history be on repeat? Back in 1930, the Smoot-Hawley Act hit America with sky-high tariffs, thinking it would protect U.S. jobs— but instead, it crashed the economy even harder during the Great Depression. Now, Trump out here running the same tired playbook, throwing up tariffs like it’s gonna save us. Nah, all it does is spark trade wars, jack up prices, and hurt working folks. We ain’t tryna relive no economic disaster. Learn from the past or get smacked by it. #HistoryAint
4.7K viewsMar 5, 2025
Facebook3WF-Third Wave Feminism
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