4min chapter

Planet Money cover image

Worst. Tariffs. Ever. (update)

Planet Money

CHAPTER

The Legacy of Smoot-Hawley: From Protectionism to Modern Tariffs

This chapter examines the historical impact of the Smoot-Hawley Tariff Act on U.S. trade policy, showcasing how it backfired on its proponents and shifted attitudes from protectionism to free trade. The discussion also connects past and present tariff practices, highlighting the evolving power of the presidency in tariff regulation.

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