As we learned after President Herbert Hoover signed the Smoot-Hawley tariff at the outset of the Great Depression, vibrant international trade is a key component to economic recovery; hindering trade is a recipe for disaster.
- Asa Hutchinson - Topics: Tariff.
The benefits of a tariff are visible. Union workers can see they are "protected". The harm which a tariff does is invisible. It's spread widely. There are people that don't have jobs because of tariffs but they don't know it.
- Milton Friedman - Topics: Tariff.
When goods don’t cross borders, soldiers will.
- Frédéric Bastiat - Topics: Tariff.
As history has repeatedly proven, one trade tariff begets another, then another - until you've got a full-blown trade war. No one ever wins, and consumers always get screwed.
- Mark McKinnon - Topics: Tariff.
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