When protectionism backfired: The Smoot-Hawley Tariff Act of 1930

Infocus

4 min read

When protectionism backfired: The Smoot-Hawley Tariff Act of 1930

With the Trump administration implementing wide ranging tariffs on US trading partners, it is useful to revisit the Smoot-Hawley Tariff Act, which was passed in 1930 and which was followed by a collapse in US trade and economic activity.

07 April 2025

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