How did the Hawley Smoot Tariff damage the U.S. economy?
1 Answer
Jun 5, 2017
Other tariffs were passed in Europe as a retaliation and it damged US exports
Explanation:
The Smoot-Hawley tariff failed for a very basic reason affecting Protectionism, countries other than the United States responded with tariffs as well which proved terrible for the American economy since it partly depended on exports. Tariffs were also an additional tax burden which was damaging to the economy.
