
America’s Tariff Trap: From Smoot-Hawley to Today
Nearly a century after the Smoot-Hawley Tariff Act deepened the Great Depression, America risks repeating its costly tariff mistakes in today’s interconnected economy.
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Nearly a century after the Smoot-Hawley Tariff Act deepened the Great Depression, America risks repeating its costly tariff mistakes in today’s interconnected economy.
New data from the WTO and IMF warn that US tariffs could shrink trade flows, pushing America out of its global lead as imports and growth estimates are revised down.
Tariff turmoil has unsettled trade and markets worldwide. We explore the missteps behind recent U.S. measures and how the Chinese mainland is plotting its next policy moves.
Tariff wars haven’t revived U.S. manufacturing: 90K factories lost since 1994, slow global growth ahead, and Americans question low‑pay factory roles.
The IMF warns that rising tariffs and market volatility could drive global public debt past 100% of GDP, with worst-case scenarios reaching record highs by 2027.
At a briefing, the Chinese mainland warns there are no winners in trade and tariff wars and urges the U.S. to negotiate with respect and equality.
Xi warns tariffs and trade wars undermine countries’ rights, hurt multilateral trade and global economy, and pledges China-Azerbaijan cooperation for a fair order.
Europe breaks free from America’s shadow, forging its own path in the US-China tariff showdown.
China urges the U.S. to end maximum tariff pressure, warning that trade wars hurt everyone. Dialogue is key to fair trade.
US trade wars and rising protectionism spark a global debate on economic policies and lessons from history.