Legally Insane – Trump’s New Tariff Wars – Episode 41
This week Matt and Tony talk about Trump’s new and potentially disastrous tariff wars. Matt takes us on a journey through the tariff history of our country. Specifically, 1929, a year of infamy, that started the Great Depression. Apparently, two Congressman named Smoot and Hawley had the idea to take a thriving economy with low unemployment and start applying tariff’s. The problem is like Pringles, once you pop you can’t stop. Every business wanted a piece of the action and in a matter of time there were 20,000 goods with tariffs, which started a global trade war that took decades to climb out of. Are we on the same path now? Only time will tell. We do know that Smoot and Hawley did NOT get re-elected. We also address why in the heck Trump has this unilateral power. Hint – he likes to play with his toys.
Listen, learn, laugh on Legally Insane – and come to the next live show Thursday, Aug 2 at the Hollywood Improv at 730. Tickets available online! As always you can follow the guys online: @mattritter1 @toekneesam @legallynsanepod cascademedia.com