Someone really oughta tell Trump about the history of tariffs About 95 years ago, the Smoot-Hawley Tariff Act aimed to protect American industries by imposing record tariffs on imported goods. Despite warnings from economists, President Hoover plowed ahead, triggering swift retaliations from major trading partners. U.S. exports plummeted, global trade shrank and the Great Depression … Continuă lectura Both Foolish and Immoral: Tariff Wars and Aid Shutdowns