Do Emotions Trump Facts?
When Trump says his trade policy amounts to insanely high tariffs and a multinational trade war, keep this in mind: “Unemployment was 6.3 percent in June 1930 when a Democratic Congress and a Republican president made a bipartisan deal that produced the Smoot-Hawley tariffs. Within 6 months, unemployment hit double digits —and stayed in double digits throughout the entire decade of the 1930s.”
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