The 1930 Smoot-Hawley Tariff Act Caused Global Trade To Drop 60%
Andrew Ross Sorkin · Andrew Ross Sorkin on Why 1929 is Happening Again · Oct 15, 2025 · at 10:08
Andrew Ross Sorkin discusses historical policy missteps following the 1929 market crash that worsened the Great Depression.
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“Smoot-Hawley, which was this tariffs, 1930, tariffs happened. Global trade drops by 60% as a result of that.”
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