Tariff Turmoil Affects Stocks
This is a China news story, published by Yahoo Finance, that relates primarily to Smoot-Hawley news.
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high tariffsThe Motley Fool
•Business
Business & Economics
What history says tariffs will do to corporate profits and the U.S. economy
64% Informative
The S&P 500 index (SNPINDEX: ^GSPC) is still down around 6% so far in 2025 , down 10% from recent all-time highs.
Wall Street is nervous about what high tariff rates will do to the global economic order, especially the supply chain relationship between China and the United States .
The last time the U.S. sharply raised tariffs on imports, in 1930 , the government enacted the Smoot-Hawley tariffs to protect farmers, which led to increased costs and retaliation from other countries upset over the new law.
This exacerbated the intense economic hardship during the Great Depression .
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