On Fri, May 16, 2025 at 11:03 AM '[email protected]' via Everything List <
[email protected]> wrote:

> *The Donald is doing nothing but what FDR did*


*The Smoot-Hawley Tariff Act was signed into law by Republican Herbert
Hoover in 1930, Democrat FDR didn't become president until 1933, and by
then Smoot-Hawley had done its work and the economy of the US and the
economy of the entire world was a basket case. *

> *Except Donald is a much, much faster learner thabn FDR was. Weeks
> instead if years with trade deals!*
>

*Deals? There were no deals, although there were two retreats, Trump agreed
to backtrack and reduce the tariff on imports from the UK back to where
they were before on cars, steel and aluminum. And Trump reduced the tariff
on China for 90 days to a still catastrophic 30% from 145%. That's it.  *

  *John K Clark    See what's on my new list at  Extropolis
<https://groups.google.com/g/extropolis>*
e4z

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