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 ...
President Trump's tariff campaign has sparked new interest in an iconic scene from a great film about 1980s Chicago.
FRAME STUDIO / Getty Images 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.
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