The Smoot-Hawley tariff regime was enacted in a world that had no WTO, no NAFTA, etc. A similar attempt today would run into well-funded legal challenges (from the Business Roundtable et alia) all the way to the Supreme Court. Liberalized trade will fortunately be around for a while.
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The Smoot-Hawley tariff regime was enacted in a world that had no WTO, no NAFTA, etc. A similar attempt today would run into well-funded legal challenges (from the Business Roundtable et alia) all the way to the Supreme Court. Liberalized trade will fortunately be around for a while.
Dec 30 02:04 am
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All Comments by Anthony Alfidi »Protectionism: Playing With Fire [View article]