https://nos.nl/l/2588754
Major retail chain closes dozens of stores nationwide, citing ‘unprecedented’ tariffs
#Orvis #trumptariffs2025 #StoptrumpNow
https://us.yahoo.com/finance/news/major-retail-chain-closes-dozens-202019867.html
Hoover signed the Tariff Act in 1930, against the advice of many senior economists. Intended to bolster domestic employment and manufacturing, the tariffs instead deepened the Depression because the U.S.'s trading partners retaliated with tariffs of their own, leading to U.S. exports and global trade plummeting.
Economists and historians widely regard the act as a policy misstep and it remains an example of protectionist policy in modern economics. Source: Wikipedia #TrumpTariffs2025