By WILL WEISSERT Updated 11:02 PM CDT, April 7, 2025
WASHINGTON (AP) — In the early days of the Great Depression, Rep. Willis Hawley, a Republican from Oregon, and Utah Republican Sen. Reed Smoot thought they had landed on 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 many economists warned that the levies would prompt retaliatory tariffs from other countries, which is precisely what happened. The U.S. economy plunged deeper into a devastating financial crisis that it would not pull out of until World War II.
Most historians look back on Smoot-Hawley as a mistake that made a bad economic climate much worse. But tariffs have a new champion in President Donald Trump.
Like Trump, Hoover was elected largely because of his business acumen. An international mining engineer, financier and humanitarian, he took office in 1929 like an energetic CEO, eager to promote public-private partnerships and use the levers of government to promote economic growth.
“Anyone not only can be rich, but ought to be rich,” he declared in his inaugural address before convening a special session of Congress to better protect U.S. farmers with “limited changes of the tariff.” ...
The Supreme Court is allowing the Trump administration to use an 18th century wartime law to deport Venezuelan migrants, but says they must get a court hearing before they are taken from the United States.
President Donald Trump praised the Supreme Court’s ruling, but a contempt hearing Tuesday could upend the win as Judge James Boasberg presses officials on secretive deportations.
Supreme Court allows Trump to continue deportations of alleged Venezuelan gang members under the Alien Enemies Act, but says detainees must be given due process.
A federal judge in Texas on Monday nixed a controversial Biden administration rule that would have required nursing homes to boost their nursing staff in coming years.
Global stocks clawed back a fraction of their enormous recent losses in early trading Tuesday, but mutual and escalating threats between the U.S. and China stand to get worse.
U.S. Health Secretary Robert F. Kennedy Jr. says he plans to tell the Centers for Disease Control and Prevention soon to stop recommending fluoridation in communities nationwide.
Pharmaceutical companies accused of fueling the nation's opioid crisis are paying state and local governments billions of dollars in legal settlements. But how much are victims getting?
Texas Attorney General Ken Paxton announced on Fox News' The Ingraham Angle Tuesday night that he will run for U.S. Senate.
The announcement comes as Paxton no longer faces the cloud of a federal corruption investigation that loomed over him as he rose up the ranks in the Republican Party.
This is a breaking story. Please check back for updates.
News source: Sara Cline | The Associated Press and Jake
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An immigration judge in Louisiana said she would terminate the case against Mahmoud Khalil if the government does not provide evidence this week justifying their attempted deportation of the Columbia University student activist.
At a hearing Tuesday in Louisiana, Judge Jamee Comans gave the government 24 hours to provide evidence showing that Khalil, a 30-year-old legal permanent resident, should be expelled from the country for his role in campus protests against Israel and the war in Gaza. If the evidence does not support his removal, she said...
The Office of the Comptroller of the Currency, which regulates and supervises national banks, on Tuesday said it notified Congress of a February hack that it called a "major information security incident."
The breach was first disclosed in February when it learned of "unusual interactions between a system administrative account in its office automation environment and OCC user mailboxes," an OCC news release states.
According to Bloomberg, the hackers had access to more than 150,000 emails after breaching the system in June 2023.
A Republican lawmaker has warned that Democrats in Colorado’s state legislature could face the ire of the Trump administration if a series of controversial bills passed Sunday — including one labeling parental misgendering during custody battles as "coercive control" — are signed into law.
"It really does feel like we're poking the bear," state Rep. Jarvis Caldwell told Fox News Digital on Tuesday.
Colorado enacted legislation to expand health care access to illegal immigrants this year, "as well as housing and food and education for illegal...
On the first day of his administration, President Donald Trump signed an executive order directing the federal government to no longer consider a person’s gender and to recognize people as either male or female, as defined by the size of their reproductive cells.
The directive served as a basis for a series of subsequent orders that called for defunding medical or educational institutions that have protections for transgender students, provide gender-affirming medical care to transgender youth or allow transgender girls or women to participate in...
House Republicans are divided over how to proceed on a massive piece of legislation aimed at advancing President Donald Trump's agenda as a possible vote on the measure looms Wednesday afternoon.
Fiscal hawks are rebelling against GOP leaders over plans to pass the Senate's version of a sweeping framework that sets the stage for a Trump policy overhaul on the border, energy, defense and taxes.
Their main concern has been the difference between the Senate and House's required spending cuts, which conservatives want to offset the cost of the new...
Welcome to the Fox News Politics newsletter, with the latest updates on the Trump administration, Capitol Hill and more Fox News politics content.
Here's what's happening…
-Here's the list of books the Naval Academy removed from its library during DEI purge
-Supreme Court sides with Trump over fired probationary federal employees
-Judge Boasberg cancels planned hearing to review Trump deportations
White House Press Secretary Karoline Leavitt insisted Tuesday that "all options are on the table for each country" when it comes to making deals over...
Wall Street rebounded into the green as multiple foreign countries came to the tariff negotiating table with President Donald Trump – but that was not enough to assuage some lawmakers’ critiques of the "alla prima" tariff actions, as one Republican put it.
U.S. Trade Representative Jamieson Greer testified Tuesday the U.S. has long-suffered from "China Shock" – the surge in manufacturing outputs from the Communist nation since the turn of the century – and that the U.S. had to do something substantive but strategic about the 5 million manufacturing...
EXCLUSIVE: Legislation will be introduced Tuesday to expand the list of crimes that would require a migrant to be taken into custody.
The "Safeguarding American Property Act" would add arson, vandalism and trespassing to the crimes that would require those in the country illegally to be placed into federal custody.
"Property rights are a fundamental American value," Rep. Troy Downing, R-Mont., said in a statement to Fox News Digital.
TRUMP SIGNS LAKEN RILEY ACT INTO LAW AS FIRST LEGISLATIVE VICTORY IN NEW ADMINISTRATION
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