Investopedia / Jake Shi The Smoot-Hawley Tariff Act of 1930 increased import tariffs by about 20%, kicking off a global trade war that contributed to the Great Depression's ill effects.

The selloff continued at open on Monday, with the index falling another 4% in early trading and even flirting with bear market territory — defined as a 20% decline from recent highs. Following some ...

Tariff critics have shared on social media a November 1988 video clip of President Ronald Reagan calling Smoot-Hawley "a ...

She is a graduate of Ithaca College. The Trump administration's sweeping new tariff proposal has sparked comparisons to the Smoot-Hawley Tariff Act of 1930, which some economists blame for ...

The measure helped worsen the Great Depression, experts said. President Donald Trump announced expansive tariffs during a Rose Garden ceremony on Wednesday, fulfilling his promise from the ...

The Tariff Act of 1930, also known as the Smoot-Hawley Tariff was enacted and signed during former President Herbert Hoover. It was aimed at protecting American businesses and farmers from foreign ...

The initial graph from the White House said China has a 67 percent ... US tariffs will approach levels not seen since the Smoot-Hawley Tariff Act of 1930, which incited a global trade war and deepened ...

WASHINGTON — In the early days of the Great Depression, Rep. Willis Hawley, a Republican from Oregon, and Utah Republican Sen. Reed Smoot thought they had landed on a way to protect American ...

He appends a further defense of the Smoot-Hawley Tariff of 1930 by describing it as “high but not exceptional” and unlinked to the Great Depression. Both assertions are hoary old myths from ...

Plus, market historians say U.S. tariff levels are now set to exceed those of the Smoot-Hawley Tariff Act of 1930 ... short-term setbacks they are in the graph above. "When you have a long ...

President Herbert Hoover signed the Smoot-Hawley Tariff Act in 1930, even as many economists warned that the levies would prompt retaliatory tariffs from other countries, which is precisely what ...