there’s growing urgency within the Republican Party to mitigate the tariff damage with an extension of the 2017 Tax Cuts and Jobs Act (TCJA). Unknown is why. The tax cuts were Keynesian in ...

On June 17, 1930, U.S. President Herbert Hoover passed the Hawley-Smoot Act, imposing tariffs on 20,000 imported goods. These two events helped to set off the Great Depression of the 1930s that ...

More specifically, he cited the lessons from US protectionist policies – including the tariff-heavy Smoot-Hawley Act, which is widely accepted to have worsened the Great Depression and is now ...

FILE - Thousands of unemployed people gather outside City Hall in Cleveland during the Great Depression ... Washington signed the Tariff Act of 1789, the first major legislation approved by Congress, ...

WASHINGTON: In the early days of the Great Depression ... signed the Tariff Act of 1789, the first major legislation approved by Congress, which imposed a 5% tax on many goods imported into ...

Washington — In the early days of the Great Depression ... signed the Tariff Act of 1789, the first major legislation approved by Congress, which imposed a 5% tax on many goods imported into ...

Global trade collapsed, and the Great Depression was on,” Bullard said ... The Smoot-Hawley Act of 1930, maybe most familiar due to its inclusion in the 1986 film “Ferris Bueller’s ...

The Smoot-Hawley Tariff Act of 1930 raised tariffs and worsened the Great Depression ... Act of 1922 had already raised the average import tax to around 40% — by an additional 20% on average.

The president argued that before the income tax on ... a tariff act from President Herbert Hoover at the time. “In 1929, it all came to a very abrupt end with the Great Depression, and it ...

The Smoot-Hawley Tariff Act of 1930 is blamed for deepening the Great Depression. Don’t tell that to the Trump administration, which just unveiled the toughest tariffs in almost a century.

There are also fears that the tariffs could trigger an economic downturn reminiscent of the Great Depression ... enacted the Revenue Act of 1932, which increased income tax rates from 25% to ...