In true Trump fashion, today’s “Liberation” speech was rife with economic myths — this time claiming that the U.S. stopped using tariffs after 1913.
Spoiler alert: we didn’t. From the sky-high Fordney-McCumber Tariff of 1922 to the Smoot-Hawley disaster and beyond, tariffs stuck around — and often made things worse, especially for farmers. This short video dives into the history Trump skipped and why most economists still wince at the mention of protectionist trade policy.
