Jeremy Cady on Nostr: Some calculate thst the Smoot-Hawley tariffs decreased US exports from $7 billion in ...
Some calculate thst the Smoot-Hawley tariffs decreased US exports from $7 billion in 1929 to $2.4 billion in 1932, a drop of 65%.
Mineral exports declined so much, they were blamed for the failure of Wingfield Banks.
Steel exports to Canada dropped by 85%.
Exports to Europe dropped by 82%.
Leading up to the passage of the bill, the DJIA dropped 23%.
Evercore just finished crunching the numbers on Trump's announced tariffs. They are higher than the Smoot-Hawley tariffs.
Published at
2025-04-03 00:38:58Event JSON
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