Tariffs are neither a panacea nor necessarily injurious. Their effectiveness, like that of any economic policy intervention, ...

With broad new tariffs promised, we look back at the most infamous case of broad tariffs in U.S. history — the Smoot-Hawley Tariff Act. It did not end well.

Canada is staring down the barrel of another trade war. While trade wars are never good, the pending barrage is particularly ...

What can we learn from them? Today on the show, we tell the nearly 100-year-old story of Smoot and Hawley, that explains why Congress decided to delegate tariff power to the executive branch in ...

(SOUNDBITE OF FILM, "FERRIS BUELLER'S DAY OFF") STEIN: (As Economics Teacher) The tariff bill, the Hawley-Smoot Tariff Act, which - anyone? - raised or lowered - raised tariffs. MALONE: But that ...

Ben Stein as a tariff-focused economics teacher in the film "Ferris Bueller's Day Off." (Paramount Pictures) Fans of the movie “Ferris Bueller’s Day Off” will remember the scene. Ben Stein ...

Trump views tariffs as a means of tightening deficits, boosting domestic manufacturing and employment, and punishing foreign rivals for perceived slights against the US. Following his election victory ...