A reminder: last time an idiot POTUS imposed global tariffs (1930) it led to a 67% drop in US exports and crashed the US economy during the Great Depression (which had already begun, but which the tariff war intensified enormously).
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A reminder: last time an idiot POTUS imposed global tariffs (1930) it led to a 67% drop in US exports and crashed the US economy during the Great Depression (which had already begun, but which the tariff war intensified enormously). https://en.wikipedia.org/wiki/Smoot%E2%80%93Hawley_Tariff_Act
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A reminder: last time an idiot POTUS imposed global tariffs (1930) it led to a 67% drop in US exports and crashed the US economy during the Great Depression (which had already begun, but which the tariff war intensified enormously). https://en.wikipedia.org/wiki/Smoot%E2%80%93Hawley_Tariff_Act
@cstross And here we go again in 3....2....1....
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A reminder: last time an idiot POTUS imposed global tariffs (1930) it led to a 67% drop in US exports and crashed the US economy during the Great Depression (which had already begun, but which the tariff war intensified enormously). https://en.wikipedia.org/wiki/Smoot%E2%80%93Hawley_Tariff_Act
@cstross Also, I would guess, this might have been a contributing factor to instability, strife and later, war, in Europe?
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@cstross Also, I would guess, this might have been a contributing factor to instability, strife and later, war, in Europe?
@herrLorenz It was part of the frame around Hitler's rise to power.
