Reader's View: Isolationism as dangerous now as in 1930

Reader's View: Isolationism as dangerous now as in 1930

Back in 1930, the United States implemented a protectionist trade policy called the Smoot-Hawley Tariff Act. It resulted in U.S. trading partners imposing retaliatory tariffs, causing a global trade war that was a major factor in worsening the Great Depression. Though the Smoot-Hawley Tariff Act did not cause the Great Depression, economists and economic historians agree its passage worsened the effects of the Great Depression. The Great Depress…

"Donald Trump must take a message from this political defeat he is heading for," he stressed, speaking on the show On Politics with Philippos Philippakopoulos on Naftemporiki television,... D. Mardas: Trump's imposition of tariffs is a "malicious act" - NAFTEMPORIKI