William Lindsey :toad:"This chart also tells you that you should ignore anyone citing the relatively mild effects of Trump’s 2017-18 tariffs as a reason not to be worried. Trump’s actions then were minor trade skirmishes, while this is all-out trade war."
The infamous Smoot-Hawley tariff played a major role, of course, in precipitating the Great Depression, worldwide economic devastation.
#Trump #tariffs #LiberationDay #recession #inflation #trade
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