Current Affairs A-Z
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Ficus religiosa
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Also refer to Mahabodhi Temple; Indo-Lankan Relations.
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Also refer to BIMSTEC Maritime Pact.
| Aspect | Smoot-Hawley (1930) | Trump’s Tariffs (2025) |
| Economic Context | Great Depression aftermath | Post-pandemic recovery & geopolitics |
| Tariff Structure | 25% on 20,000 goods | 10% blanket + higher reciprocal tariffs |
| Retaliation Risk | Immediate and widespread | Building but inevitable |
| Trade Share in GDP | Imports = 5% of GDP | Imports = 14% of GDP |
| Global Impact | 66% drop in global trade volume | Potential disruption of supply chains |
Key Concepts in Global Trade Policy
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Read More> India vs US Presidential Election.


Source: TI

Source: TH
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