Tariff Tsunami: Economist Steve Hanke Predicts Rough Times for US Economy

Economist Steve Hanke is not a fan of U.S. President Donald Trump’s tariffs, drawing a historical parallel between today’s economic conditions and the early 1930s by invoking the Smoot-Hawley Tariff Act and denouncing it as “the stupidest thing I’ve ever seen in my life.” Trump’s Trade Levy Could Repeat 1930s Market Freefall, Warns Hanke On