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11min chapter
Great Depression 2.0 Warning: Economist Explains Ugly Side Of Tariffs | Steve Hanke
The David Lin Report
Tariffs and Their Historical Echoes
This chapter explores the historical significance of the Smoot-Hawley tariffs during the Great Depression and compares them to current tariff policies under the Trump administration. It highlights the potential negative implications of modern tariffs on international trade, employment, and diplomatic relations, while emphasizing the systemic differences from past approaches. The discussion calls attention to the intricate balance needed in trade policies to avoid detrimental economic consequences and damaged global perceptions.
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