Market insights
Equity markets receive boost from US-Iran deal
The week was marked by a de-escalation in geopolitical tensions as well as numerous central bank meetings.
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.