U.S. tariff rates under Trump will be higher than the Smoot-Hawley levels from Great Depression era
Evercore ISI strategist Sarah Bianchi said the new policies put the effective tariff rate above the level of around 20% set by 1930’s Smoot-Hawley Tariff Act.
Trump administration lifts sanctions on wife of Putin ally Boris Rotenberg
Karina Rotenberg and her husband were placed on a sanctions list by the Biden adminstration after Russia invaded Ukraine.