Everything You Need To Know About Tariffs
Lost Debate
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The Tariff Dilemma: History and Consequences
This chapter explores the historical context and implications of the Smoot-Hawley Tariff during the Great Depression, emphasizing its protective intentions and adverse effects on global trade. It discusses the shift from liberalization to protectionism in U.S. trade policies and highlights key political influences and legislative changes over the decades. The chapter also examines the economic ramifications of tariffs under recent administrations, particularly the Trump era, and critiques the justification for protectionist measures amidst complex economic challenges.
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