(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.
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WASHINGTON (AP) — President Joe Bidenis commuting the sentences of roughly 1,500 people who were rel
TOLEDO, Ohio (AP) — Five companies have agreed to pay the federal government more than $7.2 million
MEXICO CITY (AP) — In the center of a desolate and cold Plaza Mexico stadium, a young matador raises
