How Smoot-Hawley Tariff sparked the ‘mother of all trade wars’
QINGDAO, CHINA – NOVEMBER 8, 2023 – Container ships frequently enter and exit the Qianwan Container Terminal of Qingdao Port in Qingdao, Shandong Province, China, Nov 8, 2023. (Photo by Costfoto/NurPhoto via Getty Images) Nurphoto | Nurphoto | Getty Images A trade war is brewing — and, if history is any guide, the U.S. economy…