1. The Smoot‐Hawley Trade War
- Author:
- Kris James Mitchener, Kirsten Wandschneider, and Kevin H. O'Rourke
- Publication Date:
- 11-2021
- Content Type:
- Policy Brief
- Institution:
- The Cato Institute
- Abstract:
- In the words of Robert J. Samuelson, “The ghost of Smoot‐Hawley seems to haunt President Trump.” As fears of a trade war between the United States and China grew after the U.S. presidential election of 2016, many commentators drew this link between the signing of the Smoot‐Hawley Tariff Act of 1930 and recent trade disputes. And the consensus was that the trade wars of the 1930s were an ominous portent of what might await the world if Donald Trump’s protectionist impulses were not checked.
- Topic:
- Tariffs, Trade Wars, Economic Policy, and Imports
- Political Geography:
- China and United States of America