16min chapter

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Tarriffs, taxes, and trade: Doug Irwin on ChinaEconTalk

ChinaTalk

CHAPTER

The Legacy of U.S. Tariff Policies

This chapter explores the historical intricacies of U.S. trade policy, particularly focusing on log rolling among Congressional members that upheld high tariffs. It highlights the implications of the Smoot-Hawley tariffs and the subsequent shift towards freer trade during the FDR administration, emphasizing the challenges posed by special interests and global economic dynamics. The narrative also reflects on the decline of protectionist movements like the American Tariff League amid the evolution towards a globalized economy.

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