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What are tariffs, and how do they work?

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TEDEd Animation

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In 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. Trace the economic chain reaction of tariffs.

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Meet The Creators

Director
Avi Ofer
Narrator
Bethany Cutmore-Scott
Composer
Stephen LaRosa, Wonder Boy Audio
Sound Designer
Stephen LaRosa, Wonder Boy Audio
Director of Production
Gerta Xhelo
Produced by
Sazia Afrin
Editorial Director
Alex Rosenthal
Editorial Producer
Dan Kwartler
Script Editor
Nidhi Upadhyaya
Fact-Checker
Charles Wallace

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