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Smoot and Hawley, the ghosts of tariffs past, haunt the White House

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Smoot and Hawley, the ghosts of tariffs past, haunt the White House Empty Smoot and Hawley, the ghosts of tariffs past, haunt the White House

Post by confuzzled dude Sun Jan 29, 2017 10:58 pm

Willis Hawley and Reed Smoot have haunted Congress since the 1930s when they were the architects of the Smoot-Hawley tariff bill, among the most decried pieces of legislation in US history and a bill blamed by some for not only for triggering the Great Depression but also contributing to the start of the second world war.

Pilloried even in their own time, their bloodied names have been brought out like Jacob Marley’s ghost every time America has taken a protectionist turn on trade policy. And America has certainly taken a protectionist turn
https://www.theguardian.com/us-news/2017/jan/29/smoot-hawley-tariffs-protectionism-donald-trump

confuzzled dude

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