Today's Political News Compilation - Tuesday, April 8, 2025 (1 Viewer)

Users who are viewing this thread

    • Admin
    map.png
    Below are some of the top political news stories of the day:



    1744119097963.png

    AP Photo

    Trump says high tariffs may have prevented the Great Depression. History says different

    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.” ...

    READ THE FULL STORY - AP



























































































































    NEWS FROM THE HILL:


    hill.png
    Republicans rattled by tariff troubles begin to push back on Trump

    hill.png
    Morning Report — Trade war or trade deals?

    hill.png
    DOJ planned to send US marshals to ex-employee’s home over Mel Gibson discussion

    hill.png
    Growing opposition from House conservatives threatens to derail Trump’s agenda

    hill.png
    Live updates: Johnson races to win over holdouts on Trump budget blueprint, China tariff war escalates

    hill.png
    Farm-state Republicans rocked by tariffs fear Trump lacks exit strategy

    hill.png
    Legal status revoked for 985,000 migrants who entered US under Biden-era CBP One app

    hill.png
    Navarro: ‘I guarantee no recession, OK?’

    hill.png
    Trump planning military parade through DC for 79th birthday

    hill.png
    Bessent: Federal layoffs will help fill factory jobs created by Trump tariffs

    hill.png
    7 GOP senators sign on to bill to check Trump’s trade authority

    hill.png
    Trump vs. the Ivy League: ‘These are elite institutions and blue states’

    hill.png
    Trump signals potential trade deal with South Korea

    hill.png
    Abundance vs. equity in MAGA’s high-stakes tariff game

    hill.png
    House Democrats targeting 35 Republicans in 2026

    hill.png
    Stocks bounce after Trump tariff plunge

    hill.png
    Trump threatens additional 50 percent tariff on China


     
    Andrus Whitewing

    Andrus Whitewing

    Owner/Webmaster

    Create an account or login to comment

    You must be a member in order to leave a comment

    Create account

    Create an account on our community. It's easy!

    Log in

    Already have an account? Log in here.

    Back
    Top Bottom