Yup. If China wants to blow their foot off, I see no reason to emulate them.
Now I challeneged LS to come up with some evidence of tariffs actually harming the US as opposed to tariffs directly helping the USA.
Smoot-Hawley triggered retaliatory tariffs around the world, leading to 4% of the GNP just evaporating at a time when we couldn't afford to lose any more. It also did wonders for getting nutballs put in charge of Germany and Japan.
Now, in the long run, by triggering World War II, it made the prosperous 1950s & 1960s possible--it's amazing how much the market price for American industrial goods increases when the rest of the world's industrial plant has been turned into rubble.
Smoot Hawley did no such thing the great deoression was well iunderway at the time and the effects f the Federal reserves tightening of credit more tah acoiunt for account for the evaporation of the GDP and while we are at it do not forget the income tax policy. Smoot-Hawley was passed in June 1930 the Depression was started on Black Tuesday in October 1929. If Smoot Hawley was harmful then teh Fordney McCumber should have been just as harmful. It however was combined with a cut of the income taxes and led to the boom years of the "Roaring Twenties" Now would you care to prove your assertion that Smoot Hawley caused that 4% drop in GNP. I would be very interested to see how you break out Smoot Hawley from the Federal Reserve's credit contraction which was continuing at this toime. I would also like to see how you isolate it effects from the cancelation of a proposed income tax cuts.