SMOOT-HAWLEY TARIFF – A BAD IDEA
JUNE 18, 2010 How ‘Protectionist’ Became An Insult As Congress dawdles on trade agreements, the harsh results of the Smoot-Hawley tariff should not be forgotten. By DOUGLAS A. IRWIN Eighty years ago, on June 17, 1930, President Herbert Hoover signed the infamous Smoot-Hawley tariff, significantly raising the duties on imported goods. Hoover and his congressional […]
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