It's forgotten now, but Britain's decision to go protectionist and institute Imperial Preference in the 1930s was a more fatal blow to the international trading system than Smoot-Hawley.
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Robert Saunders
Trump's rhetoric on tariffs is reminiscent of Joe Chamberlain's campaign for "tariff reform" from 1903.
Lots of images of other countries ripping Britain off, tariffs as a way of punching back and promises of a golden age of jobs and prosperity.
Lots of images of other countries ripping Britain off, tariffs as a way of punching back and promises of a golden age of jobs and prosperity.
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