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

  • President Trump announced new tariffs on April 2, 2025, at the White House.
  • Congress delegated the power to impose tariffs, leading to executive actions.
  • The new initiative includes a baseline 10% tariff and country-specific rates.
  • Sarah Bianchi stated the new policy pushes the weighted average tariff rate to 24%.
  • Economists warn the tariffs could trigger retaliation and harm American consumers.
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17 Articles

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Many commentators recall the Smoot-Hawley Tariff Act of 1930 to warn of the consequences of Trump's absurd trade policy. However, despite all the parallels, the proportions must be preserved.

·Zürich, Switzerland
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Lean Left

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.

·Paris, France
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Bias Distribution

  • 44% of the sources are Center
44% Center
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El Pais broke the news in Spain on Thursday, April 3, 2025.
Sources are mostly out of (0)