Worst. Tariffs. Ever. (update)

2024-12-25 22:26:37 source:lotradecoin scam prevention tips category:Scams

(Note: This episode originally ran in 2018.)

The Smoot-Hawley Tariffs were a debacle that helped plunge America into the Great Depression. What can we learn from them?

Today on the show, we tell the nearly 100-year-old story of Smoot and Hawley, that explains why Congress decided to delegate tariff power to the executive branch in the first place. It's a story that weaves in wool, humble buckwheat, tiny little goldfish, and even Ferris Bueller... Anyone? Anyone?

It's also what set the stage for the Trump tariffs.

President-elect Donald Trump enacted a heap of import taxes in his first term, in particular on goods from China. President Biden's administration largely kept those tariffs in place, and levied new tariffs as well, on electric vehicles and solar panels.

Sponsor Message

More:Scams

Recommend

Hate crime charges dropped against 12 college students arrested in Maryland assault

SALISBURY, Md. (AP) — Prosecutors have dropped hate crime charges against 12 of the 15 Salisbury Uni

Céline Dion Enjoys Rare Public Outing With Her Sons Amid Health Battle

We bet the sweet memories from this night with Céline Dion will keep coming back to the Montreal Can

Storied football rivalry in Maine takes on extra significance in wake of shooting

LEWISTON, Maine (AP) — The city of Lewiston takes another tentative step in its recovery from Maine’