Both models of state-directed capitalism misallocate resources and make the nation poorer.

Most historians look back on Smoot-Hawley as a mistake. But tariffs have a new champion in President Donald Trump.

The tariffs are the steepest since the 1930s. Whether world trade collapses, like it did then, depends on whether other ...

(AP Photo, File) WASHINGTON (AP ... a way to protect American farmers and manufacturers from foreign competition: tariffs. President Herbert Hoover signed the Smoot-Hawley Tariff Act in 1930, even as ...

President Herbert Hoover signed the Smoot-Hawley Tariff Act in ... as they wait for food on New York’s Lower East Side, 1930. (AP Photo, File) The economy began slowing when the Fed raised ...

Army libraries ordered to review books for DEI material RFK Jr.’s mixed message about the measles outbreaks draws criticism from health officials President Herbert Hoover signed the Smoot-Hawley ...

(AP Photo, File) WASHINGTON (AP ... and manufacturers from foreign competition: tariffs. President Herbert Hoover signed the Smoot-Hawley Tariff Act in 1930, even as many economists warned ...

Court fights have arrived President Herbert Hoover signed the Smoot-Hawley Tariff Act ... food on New York’s Lower East Side, 1930. (AP Photo, File) The economy began slowing when the Fed ...

US plan talks next week after ‘constructive’ meeting Judge relaxes ban on DOGE access to sensitive US Treasury information President Herbert Hoover signed the Smoot-Hawley Tariff Act in 1930 ...

allowing them to avoid prospect of punishing executive orders President Herbert Hoover signed the Smoot-Hawley Tariff Act in 1930, even as many economists warned that the levies would prompt ...