4 Men & America Episode 34 Part I, History of Tariffs in the United States

Jeff joins me (Don) for Episode 34 special edition Part I of "The history of Tariffs", covering the beginning of the Republic up to present...Tariffs were a major source of income from 1798 to 1913, when the income tax was created...
In 1890, the "McKinley Tariffs" were 29%...During the 1920s, the "Fordney-McCumber Tariff Act" raised tariffs above the level set in 1913, and it also authorized the president to raise or lower a given tariff rate by 50% in order to even out foreign and domestic production costs...

The "Smoot-Hawley Tariff Act" of 1930 raised tariffs even further...

https://search.brave.com/search?q=history+of+US+tariffs&source=newtab&summary=1&conversation=5cecd8a07c7c8be88a5b2b

The NEW DEAL congress then passed the Reciprocal Trade Agreement Act, RTAA, signed by FDR...Congress and the President worked together to enact trade negotiating authority...
https://ustr.gov/about-us/policy-offices/press-office/blog/2014/June/Eighty-years-of-the-Reciprocal-Trade-Agreements-Act

Article on current Tariff activity under President Trump which we will cover in Part II of Episode 34...
https://tanviratna.substack.com/p/trumps-tariff-gambit-debt-power-and

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