We tried that once, it was called Smoot-Halley the result was FDR and the Great Depression, Jug Ears would love it...
Are the government-linked business folks trying to feed you that foreign commie nation propaganda against U.S. tariffs again? Feel free to copy and paste the HTML code for the following whenever needed from now on.
Republican President Hoover signed the Smoot-Hawley Bill in June of 1930.
Compensation from before World War I through the Great Depression
by Robert VanGiezen and Albert E. Schwenk
Bureau of Labor Statistics
John T. Dunlop and Walter Galenson, eds., Labor in the Twentieth Century (New York, Academic Press, 1978), p. 30.
Dunlop and Galenson, p. 27.
| Year |
Unemployment rate |
|
1923-29 |
3.3 |
|
1930 |
8.9 |
|
1931 |
15.9 |
|
1932 |
23.6 |
|
1933 |
24.9 |
|
1934 |
21.7 |
|
1935 |
20.1 |
|
1936 |
17.0 |
|
1937 |
14.3 |
|
1938 |
19.0 |
|
1939 |
17.2 |
|
1940 |
14.6 |
|
1941 |
9.9 |
|
1942 |
4.7 |
Gross Domestic Product (ref. 1929 dollars in millions)
Year GDP
1929 101,444
1930 91,513
1931 84,300
1932 70,682
1933 68,337
1934 74,609
1935 85,806
1936 95,798
1937 103,917
1938 96,670
1939 103,736
1940 112,961
1941 126,237
Source: National Bureau of Economic Research, NBER Series 08166.
The United States Constitution, Article I, Section 8: “The Congress shall have Power To lay and collect Taxes, Duties, Imposts and Excises, to pay the Debts and provide for the common Defence and general Welfare of the United States; but all Duties, Imposts and Excises shall be uniform throughout the United States;...To regulate Commerce with foreign Nations,...”
The Tariff Act of 1789 was the first national source of revenue for the newly formed United States.
WTO helping China Loot Caterpillar americanthinker.com ^ | 10/04/2010 | Howard Richman & Raymond Richman
"
Why can’t Caterpillar make a profit exporting mini-excavators to China? The answer is simple: China has a 30% tariff on all excavators. In fact it has a similar high tariff on just about every vehicle, be it a Ford car, a GMC truck, a Harley Davidson motorcycle, or a giant mining machine made by Bucyrus International."
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