#20 – “The Impact of Tariffs on the United States Economy (Part One): GDP, Unemployment, and the Trade Deficit” – January 28, 2029
Summary in Seconds History shows that while tariffs are often introduced to protect American industries and jobs, their broader economic effects can be harmful. The Smoot-Hawley Tariff Act worsened trade collapse during the Great Depression, contributing to falling GDP and soaring unemployment. Similarly, the recent U.S.–China tariffs between 2018 and 2025 raised costs for businesses […]