The Smoot-Hawley Tariff Act of 1930 remains one of the most infamous trade policies in United States history. Enacted at the start of the Great Depression, this sweeping tariff hike raised U.S. import duties to record levels, aiming to shield American farmers and factories from foreign competition . Instead, it provoked a global trade war … Continue reading The Smoot-Hawley Tariff and its Global Economic Repercussions during the Great Depression