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The U.S. is citing the fentanyl issue as a pretext to impose an additional 10 percent tariff on Chinese imports. China condemned this as "repayment of kindness with hostility" and retaliated by increasing tariffs on U.S. goods and implementing non-tariff measures starting March 10. American economists warn that these tariffs will backfire. Historically, the Smoot-Hawley Tariff Act of 1930 led to a 70 percent drop in U.S. imports and exacerbated the Great Depression. The U.S. later enacted the Reciprocal Tariff Act of 1934 to reduce tariffs and ease the crisis.