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    William Lindsey :toad: (wdlindsy@toad.social)'s status on Thursday, 03-Apr-2025 14:19:08 JSTWilliam Lindsey :toad:William Lindsey :toad:
    in reply to

    "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
    /2

    In conversationabout 2 months ago from toad.socialpermalink
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