Trump’s sweeping tariffs echo 1930s trade blunder, says Nate Silver
Nate Silver warns Trump's new tariffs could harm the US economy, likening them to the Smoot-Hawley Act but on a larger scale. He cites a 46% tariff on Vietnam, a key ally, and points to stock market declines as evidence of market fear. Silver contends the tariffs could raise consumer prices, disrupt supply chains, and trigger a recession.
Nate Silver warns Trump's new tariffs could harm the US economy, likening them to the Smoot-Hawley Act but on a larger scale. He cites a 46% tariff on Vietnam, a key ally, and points to stock market declines as evidence of market fear. Silver contends the tariffs could raise consumer prices, disrupt supply chains, and trigger a recession.
