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How the Smoot-Hawley Tariff Act Compares to Trump's Reciprocal Tariffs

Upworthy Friday, 4 April 2025 ()
The Trump administration's sweeping new tariff proposal has sparked comparisons to the Smoot-Hawley Tariff Act of 1930, which some economists blame for exacerbating the Great Depression. President Donald Trump's latest tariff initiative envisions a dramatic overhaul of United States trade policy,…
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Video Credit: Oneindia - Published
News video: Reciprocal Tariffs Latest: Trump's Treasury Secretary Bessent's Three-Word Threat To World Leaders

Reciprocal Tariffs Latest: Trump's Treasury Secretary Bessent's Three-Word Threat To World Leaders 03:17

 U.S. Treasury Secretary Scott Bessent warns nations not to retaliate against Trump’s sweeping tariffs, stating that escalation will follow if countries strike back. Bessent assures markets that tariff rates will remain fixed if no retaliation occurs. He urges patience, saying trade policies aim for...

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