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Search date: 10-04-2025 Return to current date: Click here

Reciprocal tariffs, unequal power

President Donald Trump’s new tariffs, announced on April 2 2025, remind us of a strikingly similar episode from nearly a century ago in 1930, when the United States (US) enacted the Smoot-Hawley Tariff Act—named after Senator Reed Smoot and Representative Willis C Hawley, with the populist intent to safeguard domestic...

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