Trade Wars: A Look at the Smoot-Hawley Tariff
CFR Education
Jun 18, 2019
CFR Education
Jun 18, 2019
The 1930 Smoot-Hawley Tariff Act, which raised U.S. tariffs on twenty thousand imported goods, was framed as a piece of domestic legislation. But when it affected producers in Canada, Cuba, Europe, and elsewhere, it set off an international trade war, underlining the connection between global trade and international relations.
https://www.youtube.com/watch?v=C4CvLu8HA7I
https://www.youtube.com/watch?v=C4CvLu8HA7I
The Smoot-Hawley tariff sparked a trade war between America and its allies, deepening the Depression and causing the world to break up into rival blocs. Our reporting from the time offers a cautionary tale about protectionism https://t.co/9n3oKsO3od
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