The article discusses the impact of President Trump's tariffs on international markets, examining historical parallels to the great depression and expert opinions suggesting that while the tariffs could hurt the economy, they are unlikely to cause a depression on the scale of the 1930s.

President Trump's tariffs on Canada, Mexico and China have unsettled markets.

Economics professor who disputes the claim that tariffs caused the great depression.

Assistant professor explaining Federal Reserve policies during the great depression.

Economics professor commenting on the effects of tariffs.

President who signed the smoot-hawley tariff act into law during a fragile economy.