SANDY MCGREGOR: Decoding Trump’s trade war
From Trump’s viewpoint, America’s trade deficit is a vulnerability that gives other nations the power to tell America what to do
15 August 2019 - 05:00
There’ve been many confusing articles about the impact of the US-China trade war. One way to gain perspective is to consider what happened after the depression of the 1930s, when world trade imploded for more than a decade.
A major contributor to this calamity was America’s Smoot-Hawley Tariff Act, which imposed draconian duties on imports into the US. Economists implored President Herbert Hoover not to sign it — he ignored them...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.