🇨🇦 Canada is about to get hit with 25% tariffs—starting tomorrow. If that sounds bad, it’s because it is. And history tells us this won’t end well. Back in 1930, the U.S. tried something similar with the Smoot-Hawley Tariff Act, thinking it would protect American businesses. Instead, it triggered a global trade war, crushed exports, and made the Great Depression even worse. 🧵 A quick history lesson on why this matters today.

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2025-01-31 12:39

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Bonar B
bonarb

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發文後	用戶	內容
幾秒內	Bonar B bonarb	1/ The Smoot-Hawley Tariff Act was designed to help American businesses by raising tariffs on imported goods. The idea was to protect local industries from foreign competition, but it backfired spectacularly. Other countries, including Canada, retaliated with their own tariffs, making U.S. exports far more expensive and devastating industries that relied on international trade. By the time the dust settled, global trade had fallen by 40%, worsening the economic collapse of the 1930s.
2 小時內	Anthony Bozek anthonyroundhere	We learned how dumb this was in the 80s
7 小時內	Whocares funhouse333	Well trump is a bankrupt machine
13 小時內	Jasmine Hasanen aferalgoddess	Considering how many times Trump went bankrupt? But yes maga DO PLEASE put him in charge of the entire country and it's month 🙄🤦🏼‍♀️
13 小時內	FlySciFiGuy flyscifiguy
15 小時內	Nat 🍋 itsnatclark	Buy Canadian whenever you can and boycott US goods and services. Fuck his tariffs 🇨🇦