What to know about the Smoot-Hawley tariffs and what their legacy means for Trump
(WASHINGTON) -- A Republican president-elect pledges support for expansive tariffs as a means of protecting U.S. businesses and hamstringing global competitors.That description may conjure up former President Donald Trump, but it also applies to Herbert Hoover, who led the country nearly a century ago during the onset of the Great Depression.Within months of the stock market crash, Hoover signed into law the Smoot-Hawley Tariff Act, a 1930 measure that increased […]