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-0.000422317113227926 -0.00019942752569091 0.00173619257660365 0.00497395711135096 0.0062409084510346 0.0062409084510346 0.0062409084510346 0.0062409084510346
Stock impact report

Tariff Uncertainty Hurts Economy, Investors. History May Provide Clues [Forbes]

JP Morgan Chase & Co. (JPM) 
Last jp morgan chase & co. earnings: 4/14 06:43 am Check Earnings Report
Company Research Source: Forbes
The recent actions from Washington have served to elevate uncertainty, raise global fear, push stock prices down, and increase animosity against America. Does Trump have a master plan? Is there a historical lesson we can use to help understand what may come? A Lesson From History? Today's tariffs have caused many to reflect to 1930, when President Hoover signed into law the Smoot-Hawley Tariff Act. Although there are some differences between today's tariff environment and the environment at that time, there are several similarities to consider. Here's how the tariffs in 1930 unfolded. Senator Reed Smoot (R) and Representative Willis Hawley (R) were the two sponsors of the Smoot-Hawley Tariff Act. The U.S. House passed its version in May 1929 by a vote of 264 to 147, with 244 republicans and 20 democrats voting in favor of the bill. The following March (1930), the Senate passed its own version of the tariff bill by a vote of 44 to 42, with 39 republicans and 5 democrats. After me Show less Read more
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