Smoot Hawley reduced US exports by 50 percent.
Honestly, if that’s the price we have to pay to get out of bed with the communists, I’m for it. It’s a different world today than it was in 1930 and I’m not talking about tariffs on all global imports, I’m talking strictly about Chinese imports. I’m tired of all this panda hugging BS that slowly but surely destroys our economy while building theirs up. We are getting screwed by China all in the name of free trade and in name only.
The import/Export trade only accounted for 3% of GDP in 1930’s. We made our own things then. Smoot-Hawley had no impact on the Great Depression, either worsening or alleviating it.