Trump’s tariff policies could lead to world-wide recession a
Posted: Sat Mar 15, 2025 9:45 amTrump’s tariff policies could lead to world-wide recession and political instability
[ https://rabble.ca/politics/canadian-pol ... Newsletter ]
by Fareed Khan - March 12, 2025 - ***Internal Links***
EXCERPT: "The historical parallels between Trump’s trade policies and the economic protectionism of the early 20th century are alarming and unmistakable. In the aftermath of World War I, the US enacted a series of tariffs aimed at protecting its economy. The Smoot-Hawley Tariff Act of 1930 raised duties on hundreds of imports, prompting retaliatory tariffs from other nations and severely constricted global trade. These measures contributed significantly to the onset of the Great Depression, which ultimately became a catalyst for protectionism, resulting in the rise of nationalism and fascism, which led to World War II.
The interconnectedness of national economies around the world demonstrated that the economic volatility generated by those tariffs had far-reaching and lethal consequences. . . . . "
More . . .
[ https://rabble.ca/politics/canadian-pol ... Newsletter ]
by Fareed Khan - March 12, 2025 - ***Internal Links***
EXCERPT: "The historical parallels between Trump’s trade policies and the economic protectionism of the early 20th century are alarming and unmistakable. In the aftermath of World War I, the US enacted a series of tariffs aimed at protecting its economy. The Smoot-Hawley Tariff Act of 1930 raised duties on hundreds of imports, prompting retaliatory tariffs from other nations and severely constricted global trade. These measures contributed significantly to the onset of the Great Depression, which ultimately became a catalyst for protectionism, resulting in the rise of nationalism and fascism, which led to World War II.
The interconnectedness of national economies around the world demonstrated that the economic volatility generated by those tariffs had far-reaching and lethal consequences. . . . . "
More . . .