TIL About the Smoot-Hawley Act, Which was the 20% Across the Board Tariff That Deepened the Great Depression and Resulted in the Largest Senate Seat Loss in History - eviltoast
  • kandoh@reddthat.com
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    25 days ago

    The thing about Smoot-Hawley is that when it happened everyone else also put up equal tariffs among one another.

    this time the EU, Japan, South Korea, Canada are only putting tariffs on the US. Not amongst themselves.