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The FT ViewThe editorial board
The spectre of Trump hangs over Davos
...Donald Trump was in the snows of Iowa for the US state’s Republican primary on Monday, rather than snowy Davos....
January 19, 2024
Martin Wolf
A Trump win would change the world
...This would be a contemporary (albeit milder) version of the infamous Smoot-Hawley tariff of 1930. It would surely lead to retaliation....
November 7, 2023
FT Live
The Global Boardroom: 8th Edition
FT journalists in conversation with leaders in business and government
Wednesday, 4 DecemberDigital Conference
US-China trade dispute
Trump retreat on some tariffs raises scant hopes
...“This is the biggest economic mistake since the passage of the Smoot-Hawley Tariff Act in 1930, which sent our country spiralling into the Great Depression....
August 14, 2019
US-China trade dispute
US business urges Trump to end China trade war
...President Donald Trump’s trade strategy has forced many companies to raise prices and reroute their supply chains, fraying relations with a business community that had welcomed his agenda of corporate tax...
June 17, 2019
Trade Secrets
Sabine Weyand sets out Brussels vision on trade Premium content
...In reality, the EU’s strategy for transatlantic relations is in effect to filibuster the last 18 months of Donald Trump’s presidency and hope he is not re-elected....
July 23, 2019
Martin Wolf
The US-China conflict challenges the world
...Under Donald Trump, the US has become a rogue superpower, hostile, among many other things, to the fundamental norms of a trading system based on multilateral agreement and binding rules....
May 21, 2019
FT Live
FTWeekend Festival: U.S. edition
Where the Financial Times weekend paper comes to life
Saturday, 4 MayThe REACH, at the Kennedy Center for the Performing Arts, F Street Northwest, Washington, DC, USA
Trade Secrets
Can G20 provide more than just a stage for Donald Trump? Premium content
...Fernando de Mateo y Venturini, the then Mexican representative at the World Trade Organization, went so far as to wave a big photograph of Messrs Smoot and Hawley, the US lawmakers whose eponymous act of...
November 26, 2018
Climate change
Surge in US economists’ support for carbon tax to tackle emissions
...That surpasses previous petitions across the US analysts’ community, such as the 1997 Economists’ Statement on Climate Change, which received 2,600 signatures, and the 1930 Economists Against Smoot-Hawley...
February 17, 2019
Richard Hurowitz
The history of trade tariffs warns against Trump protectionism
...Donald Trump this month called for a trade war, declaring them “easy to win”....
March 13, 2018
News in-depthThe FT View
US tariffs pose a danger to the global economy
...When the US hit trading partners with its infamous Smoot-Hawley tariff in 1930, Congress spent almost no time beforehand discussing potential for retaliation....
June 24, 2018
Free LunchMartin Sandbu
Waiting for the trade wars to start Premium content
...As my colleague Alan Beattie has explained, Donald Trump’s imposition of tariff on national security grounds is qualitatively different than previous presidential acts of protectionism in the past few decades...
March 22, 2018
US trade
US business fears choppy waters ahead due to Trump trade tariffs
...Those views were collected before Donald Trump hit China with a new round of tariffs on $50bn of goods and threatened further levies on a wider array of products....
June 21, 2018
The FT ViewUS trade
History holds little hope of a winnable trade war
...The most notorious example of self-defeating protectionism is the Smoot-Hawley Tariff Act of 1930, which raised US tariffs on more than 20,000 goods....
April 6, 2018
Cordelia Jenkins
Opinion today: Italy adrift
...Echoes of Smoot-Hawley: Donald Trump’s intervention to block Broadcom’s hostile bid for US chipmaker Qualcomm is the latest example of his protectionist bent, writes Richard Hurowitz....
March 14, 2018
Gavyn Davies
The economic damage from a trade war
...Memories of the Smoot-Hawley Act in 1930 loom large. But what are the mechanisms involved?...
March 19, 2018
FT Live
Commodities Asia Summit
Enabling decarbonisation in a time of disrupted trade flows
Wednesday, 6 NovemberSingapore
News in-depthThe Big Read
Donald Trump and the 1930s playbook: liberal democracy comes unstuck
...No one, except Donald Trump, who tweeted that her garb was meant as a criticism of the “fake news” media, could be sure whom the First Lady was targeting....
June 22, 2018
US politics & policy
Harvey rescue effort determined to avoid another Katrina
...The agency’s performance thus far, which has drawn praise from President Donald Trump and Texas Governor Greg Abbott, presents a stark contrast to the bungled federal response to Hurricane Katrina in 2005...
August 30, 2017
Special ReportThe Future of Global Trade
Fears for global trade as Trump fires first shots to kneecap WTO
...If Mr Azevêdo and others cannot convince Donald Trump to buy into that idea, the Gatt’s next major birthday may indeed be marked with a wake....
November 10, 2017
Year in a WordShawn Donnan
Year in a Word: Protectionism
...But 170 years later Donald Trump is invoking the ghost of Reed Smoot and may soon be doing his best to prove the former British prime minister wrong. ft.com/word...
December 24, 2016
Stephen Roach
Donald Trump is suffering from trade deficit disorder
...US President Donald Trump suffers from an acute strain of trade deficit disorder. He blames America’s ills on trade deficits and the bad deals that underpin them....
March 7, 2017
The FT ViewGlobal trade
Trump threatens to tear up the trade rule book
...The threat of a modern repeat of the disastrous Smoot-Hawley tariff, which kicked off the tit-for-tat trade protectionism of the Great Depression, has often been cited in recent decades....
February 27, 2017
US trade
Republican free-traders fear return of protectionist war
...When Mike Lee hears US President Donald Trump and others mulling new tariffs on goods from China or Mexico it triggers family memories....
January 25, 2017
John Authers
Donald Trump and the bonfire of the certainties
...Although many of those voting for British exit from the EU, and for a Donald Trump presidency, have a deep distrust of governments, the likely result is more interventionist governments....
November 9, 2016
Letter
Background reading for Trump on trade wars
...Sir, While we do not know how many of the vague promises Donald Trump made during his election campaign will actually be fulfilled, the attack on free trade appears to be high up on his list of priorities...
November 21, 2016
Markets InsightJohn Plender
Trump trade blind to global cost of protectionism
...Donald Trump is prepared to risk precipitating a trade war whether by raising tariffs, introducing border taxes that penalise imports relative to exports, or both....
January 31, 2017

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