U.S. tariff rates under Trump will be higher than the Smoot-Hawley levels from Great Depression era

Tariffs will hammer hardware, create consumer chaos, and could stifle the AI boom

This feels like a full economic eclipse.  The sun has vanished, and everyone’s feeling around in the dark asking the same question: What do tariffs mean for me? It’s not an ideal metaphor, because a total solar eclipse is a far more common—and limited—occurrence than the global “Liberation Day” confusion sown by Trump’s tariffs. That’s not to say there isn’t historical precedent here, even if it’s alarming. In 1930, less than a year after Black …

How the Smoot-Hawley Tariff Act compares to Trump's reciprocal tariffs

Trump's new tariffs exceed levels following the Smoot-Hawley Tariff Act, risking global retaliation and economic slowdown.

With the tariffs announced on Wednesday by Donald Trump, the average rate of customs duties could reach 25 per cent, ten what it was at the beginning of the year. And would be well above the rate of nearly 20 per cent in 1933, the previous record.

U.S. tariff rates under Trump will be higher than the Smoot-Hawley levels from Great Depression era

Evercore ISI strategist Sarah Bianchi said the new policies put the effective tariff rate above the level of around 20% set by 1930's Smoot-Hawley Tariff Act.

Trump Tariffs Demonstrate Presidency Without Constitutional Bounds - The Ron Paul Institute for Peace & Prosperity

The tariffs President Donald Trump announced on Wednesday are massive in size and scope, Indeed, some early analysis indicates Trump has raised the United States average tariff rate to higher than did the Smoot-Hawley Tariff Act of 1930 that contributed to the American people’s suffering in the Great Depression. A big difference, though, is that Trump on his own was able to impose his sweeping tariffs this week, while the 1930 tariffs were impos…

The protectionist barrage launched on Wednesday by Donald Trump has exceeded almost all expectations. The president of the United States erected an unprecedented tariff wall in almost a century. The Republican’s declared trade war on the world’s front means raising average tariffs on imports from the world’s first power above 20%, the maximum since the Great Depression. Despite warnings he had launched over the past few months, the aggressivenes…