We Haven’t Seen Tariffs This High Since the 1930s (w/ Jason Furman)
Bulwark Takes
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The Historical Surge of Tariffs: A Return to 1930s Levels
This chapter examines the historical context of tariff rates, highlighting a significant increase to 20%, reminiscent of the Smoot-Hawley tariffs from the 1930s. It explores the reversal of a long-term decrease in tariffs and the impacts of this policy shift on various industries and the economy at large.
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