Revisiting Smoot-Hawley’s Historic Mistake

Trump’s Tariffs: Revisiting Smoot-Hawley’s Historic Mistake and the Economic Fallout

Many historians agree that Donald Trump’s trade tariffs policies share similarities with the highly criticized Smoot-Hawley Act from 1930, which they identify as the key factor for prolonging the Great Depression. Historical evidence proves that Trump was correct when he claimed tariffs brought no monetary gains to the United States while hurting its economic health….

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Europe and Asia Surge Ahead of U.S.

Global Defense Spending Shifts: Europe and Asia Surge Ahead of U.S.

Asian and European defense companies are outperforming American firms as their allies lose faith in Washington’s promises. Amid rising geopolitical tensions and defense budgets skyrocketing everywhere in Europe and Asia, weapon manufacturers in South Korea, Germany, and Singapore are experiencing torrential orders, analysts say, launching a decade-long defense boom. In an era when alliances are…

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