Smoot Hawley reborn

You would think that an administration with the technological abilities of the Obamunists, they would at least have the sense to look up Great Depression protectionist policies before implementing one.........

A full-blown trade row erupted between the US and China after Beijing accused Washington of “rampant protectionism” for imposing heavy duties on imported Chinese tyres and threatened action against imports of US poultry and vehicles.

Trade relations between two of the world’s biggest economies deteriorated after Barack Obama, US president, signed an order late on Friday to impose a new duty of 35 per cent on Chinese tyre imports on top of an existing 4 per cent tariff.

But look, right there on Wiki is an entry on Smoot Hawley.........

Once again, what do these ivy leaguers learn in their liberal study curriculum because it isn't economics?

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