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jsonstein@masto.deoan.org ("Jeff Sonstein") wrote:
“Trump says high tariffs may have prevented the Great Depression. History says different”
“President Herbert Hoover signed the Smoot-Hawley Tariff Act in 1930, even as many economists warned that the levies would prompt retaliatory tariffs from other countries, which is precisely what happened. The U.S. economy plunged deeper into a devastating financial crisis that it would not pull out of until World War II.”
