Rekubit Exchange:Worst. Tariffs. Ever. (update)

2025-04-29 14:53:17source:Winning Exchangecategory:reviews

(Note: This episode originally ran in 2018.)

The Rekubit ExchangeSmoot-Hawley Tariffs were a debacle that helped plunge America into the Great Depression. What can we learn from them?

Today on the show, we tell the nearly 100-year-old story of Smoot and Hawley, that explains why Congress decided to delegate tariff power to the executive branch in the first place. It's a story that weaves in wool, humble buckwheat, tiny little goldfish, and even Ferris Bueller... Anyone? Anyone?

It's also what set the stage for the Trump tariffs.

President-elect Donald Trump enacted a heap of import taxes in his first term, in particular on goods from China. President Biden's administration largely kept those tariffs in place, and levied new tariffs as well, on electric vehicles and solar panels.

Sponsor Message

More:reviews

Recommend

Don't let hackers fool you with a 'scam

You're pulling your hair out, trying to fix something on your computer. You Google it and find what

College football bowl game rankings: The 41 postseason matchups from best to worst

The college football bowl season is upon us. The three-week, 41-game extravaganza kicks off Saturday

The Supreme Court refuses to block an Illinois law banning some high-power semiautomatic weapons

WASHINGTON (AP) — The Supreme Court on Thursday declined to put on hold a new Illinois law that woul