Reported 13 days ago
The proposed tariffs by President-elect Trump may have a different impact on the economy compared to historical tariffs like the Smoot-Hawley Act, due to advancements in transportation, widespread industrialization, and the globalization of markets. Today’s technological edge, real-time economic capabilities, and the shift towards domestic sourcing could potentially drive innovation and reshape global supply chains, presenting opportunities rather than the economic disasters seen in the past.
Source: YAHOO