Here's Paul Krugman (March 2016) debunking the myth that Smoot-Hawley tariffs caused the Great Depression:
[https://archive.nytimes.com/krugman.blogs.nytimes.com/2016/03/04/the-mitt-hawley-fallacy/](https://archive.nytimes.com/krugman.blogs.nytimes.com/2016/03/04/the-mitt-hawley-fallacy/)
Also, here's a good analysis from one of my favorite channels on the inflated negative view of the tariffs:
[https://youtu.be/vn8uCHgTqX4?si=HPOB9\_kVwBxqa0he](https://youtu.be/vn8uCHgTqX4?si=HPOB9_kVwBxqa0he)
And finally, a thoughtful analysis from Tanvi Ratna on how tariffs MIGHT work. To come up with my own analogy, these tariffs are akin to a circus acrobat that is attempting to do an amazing feat in the air with all sorts of obstacles WHILE the catch net below is being constructed. The acrobat is hoping the net will be ready before hitting the ground. If it isn't well then...
[https://x.com/tanvi\_ratna/status/1907880105369845865](https://x.com/tanvi_ratna/status/1907880105369845865)
[https://x.com/tanvi\_ratna/status/1909364554133352834](https://x.com/tanvi_ratna/status/1909364554133352834)