• Worst. Tariffs. Ever. (update)

  • Dec 11 2024
  • Length: 27 mins
  • Podcast

Worst. Tariffs. Ever. (update)

Listen for free

View show details

  • Summary

  • The Smoot 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.

    And now, as Trump's second presidency is on the horizon, he has promised even more tariffs on Mexico, Canada, China, and even on all imports across the board.

    And now, as Trump's second presidency is on the horizon, he has promised even more tariffs on Mexico, Canada, China, and even on all imports across the board.

    We update this classic episode about the Smoot Hawley Tariffs, and review the impact of more recent efforts from Trump and Biden alike.

    Help support Planet Money by subscribing to Planet Money+ in Apple Podcasts or at plus.npr.org/planetmoney. You get bonus episodes!

    Learn more about sponsor message choices: podcastchoices.com/adchoices

    NPR Privacy Policy
    Show More Show Less
Show More Show Less

What listeners say about Worst. Tariffs. Ever. (update)

Average Customer Ratings

Reviews - Please select the tabs below to change the source of reviews.

Audible.com.au reviews

Amazon Reviews
No Reviews are Available
In the spirit of reconciliation, Audible acknowledges the Traditional Custodians of country throughout Australia and their connections to land, sea and community. We pay our respect to their elders past and present and extend that respect to all Aboriginal and Torres Strait Islander peoples today.