Last Time a President Sparked a Tariff War, It Fueled the Great Depression – What’s Going to Happen Now?
The last big tariff war triggered by a U.S. president was in the early 1930s with the Smoot-Hawley Tariff Act, which sharply raised import tariffs on thousands of products. Intended to protect American industries and farmers during economic hard times, it effectively resulted in retaliatory tariffs