Could Trump tariffs fuel a 1930s-style collapse in trade? By Investing.com

Contributing sentiments towards policy:

62% : Following the Smoot-Hawley Tariff Act of 1930, which dramatically raised U.S. import duties to record levels, trading partners responded in-kind fueling vicious trade war that contributed to a collapse in global trade that exacerbated the Great Depression.
47% : As well as the changing makeup of global trade, recent history has shown that the United States' trading partners prefer an approach of damage limitation rather than escalation against Trump tariffs, reducing the odds of a significant global trade war.
30% : " The renewed concerns about tariffs come in the wake of Trump threatening to impose a 25% tariffs on Mexico and Canada.
22% : In a sign showing the efficacy of Trump's tariff threat, Colombia backed down from a trade war with the U.S., withdrawing its retaliatory tariffs after Trump threatened the country with tariffs and visa restrictions for refusing to accept a US military aircraft carrying deported migrants.

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