John Cassidy writes about Donald Trump’s proposed tariffs on steel and alumnium, and how they echo the Smoot-Hawley Act of 1930.
Of course, any parallels between 1930 and 2018 should be drawn cautiously. For a number of reasons, the current situation is very different to the one that faced President Herbert Hoover, who signed the Smoot-Hawley Act despite a written appeal signed by more than a thousand economists.
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Born in Long Island public school year in Sweden as exchange student, went to Harvard one year, Cooper Union in NYC as Art student. Have two children, one of whom is rock mogul, the other has three daughters, one of whom has two daughters, making me (more...
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