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Politics : View from the Center and Left -- Ignore unavailable to you. Want to Upgrade?


To: epicure who wrote (323938)1/11/2017 2:16:19 PM
From: Eric  Read Replies (1) | Respond to of 542946
 
I am just very, very worried about trade wars taking off.

If there's even a hint of this happening again the financial markets will get creamed.

My dad had lots of stories he told me from growing up during the Great Depression.

Smoot–Hawley Tariff Act

en.wikipedia.org

Most economists view the Act, and the ensuing retaliatory tariffs by America's trading partners, as responsible for reducing American exports and imports by more than half. [4]