2025 Inflation & Tariffs: Not a Repeat of Hawley’s 1930 Act
The 2025 approach to tariffs in the United States contrasts with the 1930 Hawley-Smoot Tariff Act, focusing on strategic use for fair trade rather than blanket protectionism. Modern tariffs aim to protect industries, counter unfair practices, and ensure intellectual property rights, while avoiding the pitfalls of the 1930 Act which deepened the Great Depression. Economic stability, diplomatic engagements, and data-driven strategies characterize the current tariff approach, highlighting a shift towards global cooperation and avoiding historical economic missteps.