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U.S. tariff rates under Trump will be higher than the Smoot-Hawley levels from Great Depression era

Summary by CNBC
Evercore ISI strategist Sarah Bianchi said the new policies put the effective tariff rate above the level of around 20% set by 1930's Smoot-Hawley Tariff Act.

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CNBCCNBC
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U.S. tariff rates under Trump will be higher than the Smoot-Hawley levels from Great Depression era

Evercore ISI strategist Sarah Bianchi said the new policies put the effective tariff rate above the level of around 20% set by 1930's Smoot-Hawley Tariff Act.

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independent.co.ukindependent.co.uk
Lean Left

Trump uses Depression to justify tariffs, but they’re seen as intensifying downturn

President says 1929 Depression ‘would have never happened if they had stayed with the tariff policy,’ a statement most experts disasgree with

·United Kingdom
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Latin TimesLatin Times
Lean Left

Trump Mocked for Claiming Tariffs Would Have Prevented Great Depression: 'Make Everyone Poor Again'

The internet is mocking President Donald Trump for boasting about his impending tariffs, which experts say will do the opposite of grow the economy.

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  • 67% of the sources lean Left
67% Left
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Latin Times broke the news in on Wednesday, April 2, 2025.
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