@tedtoks
TED TalksIn 1930, in hopes of supporting farms and manufacturing, President Hoover made a bold decision: he approved a sweeping 20% tax on all imported agricultural and industrial goods. But the plan completely backfired, leading exports to fall and global trade to decline. And it wouldn't be the last time a world leader was shocked by a tariff’s consequences. In this TED-Ed animation, we'll trace the economic chain reaction of tariffs.#TEDTalk #TEDEd #Tariffs
On the profile · Sep 27, 2026