How A Tariff Loving Utah Senator Became A Cautionary Tale About ProtectionismBreaking News
tags: Trade, Trump, protectionism, Tariff, Trade wars, Smoot Hawley
As President Donald Trump threatens another round of tariffs on Chinese goods, Utah’s business and elected leaders are sounding the alarm over the growing trade war and its effect on parts of the state. The tariffs are even invoking comparisons to an earlier era when a Utah Senator named Reed Smoot became synonymous with the negative consequences of protectionism.
Smoot was a Mormon apostle and Republican Senator who served in Congress for three decades in the early 20th century. In 1929, Smoot co-sponsored trade legislation dubbed the Smoot-Hawley Act that imposed tariffs on hundreds of imported goods.
“At that time it was really motivated around concerns about incomes in agriculture,” said Tom Maloney, an economics professor at the University of Utah. “Farmers' incomes were weak and this was maybe a way to protect them and improve their economic position.”
The legislation represented a mainstream GOP position, said Harvard Heath, a retired Brigham Young University professor who authored a book on Reed.
comments powered by Disqus
- Hurricane Dorian Unearths Civil War Cannonballs at South Carolina Beach
- Ms. Monopoly is here. Psst: A woman invented the game in the first place
- 9/11 Is History Now. Here's How American Kids Are Learning About It in Class
- Why Don't We Consider Cannabis Part of the American Herbal Renaissance
- A woman who ran for president in 1872 was compared to Satan and locked up. It wasn’t for her emails.
- Historians push to create public archive of documents from massive opioid litigation
- Fake Citations Kill Historian's Career
- Jim McGrath on Podcasts and Public History
- Uncovering the History of Child Psychiatry: A Conversation with Deborah Blythe Doroshow
- Gerald Ford, Impeachment, and The Difference Between Politics and Law Enforcement