October 6, 2025

1 thought on “History Notes this week of July 25

  1. In my experience of it, history never stops happening, and today, as I write these words, it is happening all over again as we see if this time, maybe it will be somehow different than it was the last time back in the 1930’s when the Smoot-Hawley Tariff Act was signed, sending the US further into the GREAT DEPRESSION, which I don’t think anybody in the Trump administration is even aware of, to wit:

    With tariff rates ranging from 10% to 41% on imports to the U.S. set to kick in on August 7, the Budget Lab at Yale now estimates the average overall U.S. tariff rate has shot up to 18.3%, the highest since 1934, from between 2% and 3% before Trump returned to the White House in January.

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