1,100 economists warn that Trump is repeating one of the biggest mistakes of the Great Depression
More than 1,100 economists, including 14 Nobel laureates, urged President Donald Trump to reverse course on recent trade measures.
The economists drew comparisons between the current tariff measures under Trump and the Smoot-Hawley Act in 1930.
The Smoot-Hawley tariffs helped contribute to the economic hardships of the Great Depression.
Over 1,100 leading economists sent a letter to President Donald Trump urging the president to reverse course on recent trade tactics – lest the US repeat one of the biggest mistakes of the Great Depression.