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US tariff on China and potential tariffs on allies raise fears of a new trade war akin to the 1930s.
The US's 10% tariff on Chinese imports and potential tariffs on Canada, Mexico, and the EU have economists warning of a possible broad trade war.
They draw parallels to the 1930 Smoot-Hawley Tariff Act, which increased global trade barriers, leading to retaliatory tariffs and a collapse in global trade that worsened the Great Depression.
This historical context suggests that current trade disputes could similarly disrupt the global economy.
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Los aranceles estadounidenses sobre China y los aranceles potenciales sobre los aliados suscitan temores de una nueva guerra comercial similar a la década de 1930.