Trump's Tariffs Reignite Smoot-Hawley
This is a U.S. news story, published by financialpost, that relates primarily to Reed Smoot news.
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Hawley tariffsfinancialpost
•Business
Business & Economics
How Trump's threatened tariffs echo a failed American trade policy of the 1930s
71% Informative
The Smoot-Hawley Tariff Act of 1930 amped up tariffs on foreign exports to the U.S. by about 20 per cent .
The result was that it greatly diminished global trade and exacerbated the effects of the Great Depression .
The Act was named for Senator Reed Smoot of Utah and Representative Willis Hawley of Oregon , who pushed for higher tariffs.
Donald Trump is using tariffs as a bargaining chip in non-trade issues, says Ivey Business School professor.
He foresees issues in the American manufacturing space in particular, since the U.S. does not have the labour to fill advanced manufacturing roles.
The effect of Trump ’s tariffs would be inflationary and could “absolutely” lead to an economic downturn, says Andreas Schotter .
VR Score
80
Informative language
82
Neutral language
27
Article tone
formal
Language
English
Language complexity
58
Offensive language
possibly offensive
Hate speech
not hateful
Attention-grabbing headline
not detected
Known propaganda techniques
not detected
Time-value
short-lived
External references
11
Source diversity
7