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Republican tariff movementWashington Examiner
•70% Informative
Trump has called for across-the-board tariffs of up to 20% if elected.
The 25th President William McKinley helped pass the 1897 Dingley Tariff , which imposed duty rates averaging 52% in its first year .
The Republican tariff movement grew throughout the late 1800s and arguably peaked with McKinley in the 1890s .
Trump has been pushing foreign import duties for decades , saying the U.S. ’s trading partners are ripping it off.
Republicans infamously passed the Smoot-Hawley Tariff Act in 1930 .
The act was credited with exacerbating the Great Depression and led to the rise of Franklin Delano Roosevelt .
Trump passed only limited tariffs during his first term, such as duties on Chinese steel that Biden kept in place after taking office.
But he’s promising to go much bigger in a second term, saying the U.S. was at its strongest during the days of McKinley in the 1890s .
“We were so rich because we were taxing other people for coming in and taking our jobs,” Trump told Rogan .
VR Score
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