Here's what to know about the Smoot-Hawley Tariff Act, its economic impact, and what its legacy means for the tariffs announced by Trump, according to experts.

The Smoot-Hawley Tariff Act raised U.S. tariffs to nearly 60% on tens of thousands of imported goods, resulting in higher prices for Americans, sparking retaliation and the collapse of global trade.

The U.S. and China have announced new protectionist tariffs, in what some fear is a trade war. We bring you the story of a bygone era of American protectionism: the Smoot-Hawley tariffs of the 1930s.

The Smoot-Hawley Act of 1930, a Depression-era tariff signed into law by then-President Herbert Hoover, continues to be invoked in conversations surrounding Trump’s tariff plan, as the on-again ...

“The Smoot-Hawley tariff ignited an international trade war and helped sink our country into the Great Depression,” then-president Ronald Reagan said during a radio address in 1986.

The Smoot-Hawley Tariff Act raised U.S. tariffs to nearly 60% on tens of thousands of imported goods, resulting in higher prices for Americans, sparking retaliation and the collapse of global trade.

Signed into law in June 1930, the Smoot-Hawley Tariff Act sharply raised U.S. tariffs on over 20,000 imported goods to protect American farmers and manufacturers during the early days of the Great ...

Cezar, whose great-grandfather died in 1941, said the law was part of her early education, too. “The Smoot-Hawley Act is part of my family’s history, and I learned about it as a kid,” she said.

But the Smoot-Hawley Tariff Act of 1930 is certainly in the running for the title of worst legislation ever passed. Continue reading this article with a Barron’s subscription.

This video explores the history of the Smoot-Hawley Tariff Act, examining its devastating impact on the global economy during the Great Depression. We'll analyze the causes, ...

What could the legacy of Smoot-Hawley mean for Trump's tariff proposals? Smoot-Hawley cast a shadow over tariff policy for decades, Irwin said. "It gave tariffs a bad name," he added.