How the U.S. has used tariffs throughout history — and why Trump is different, economists say
President Donald Trump’s use of tariffs in his second term defies many historical norms, say economists and historians.
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How the U.S. has used tariffs through history — and why Trump is different, economists say
That may lead some to wonder: How have tariffs been wielded through U.S. history, and is Trump unique ... known as the Smoot-Hawley Tariff, levied protective tariffs on roughly 800 to 900 ...
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How the U.S. has used tariffs through history — and why Trump is different, economists say
Since then, the U.S. has used tariffs to achieve three broad goals, said Douglas Irwin, an economics professor at Dartmouth College and past president of the Economic History Association.