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U.S Custom House.

Lessons from Early America’s Tariff Wars

The 1790s debate shows that, even when they aim at moral goods, tariffs abet cronyism and corruption.
A political cartoon of Benjamin Harrison and Grover Cleveland emptying the U.S. treasury.

Radical Tariffs Aren’t New, But They Have Been Disastrous

An American story.
Woodrow Wilson and William Jennings Bryan

American Populists Used to Run Against Tariffs. It Could Happen Again.

William Jennings Bryan stoked a worker revolt against protectionism that led to the first income tax.
Political cartoon showing a dog named 'income tax' running from a can called "supreme court decisions."

No, President Trump, the Income Tax Wasn’t A Mistake. But It Was an Accident.

Trump claimed that the income tax was passed for “reasons unknown to mankind” and caused the Great Depression. Here’s the real history.
Thousands of shipping containers at the terminal at Port Elizabeth, New Jersey.

No Tariffs Without Representation

Executive trade power has gone too far.
William McKinley making a campaign speech in 1896.

Why Trump Admires President McKinley, the Original ‘Tariff Man’

President Donald Trump says McKinley made the United States prosperous through tariffs. Historians say that’s an incomplete understanding of the 25th president.
Trump holding a table of tariff rates.
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Tariffs Don’t Have to Make Economic Sense to Appeal to Trump Voters

Economists and Democrats dismiss Trump’s tariffs talk at their peril.
Trump displaying a table of reciprocal tariffs.
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The Dangers of President Trump’s Favorite Word — Reciprocity

The Gilded Age roots of Trump's trade philosophy.
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The Truth About Trade Wars: Everyone Loses, and the Damage Is Hard To Undo

President Trump is repeating the mistakes of the Great Depression.

Taft and Trump

Much more than time separates the 27th president from the 45th.

America’s Tumultuous History With Tariffs

From William McKinley to Ronald Reagan, Donald Trump has plenty of precedent if he's looking for it.

'Trade Wars Are Good'?

Three past conflicts tell a very different story.

Congress Handed to the President the Power to Level Tariffs

A republic needs a legislature that can handle such tasks. We don’t have one.
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Tax Season and the Making of the American Fiscal State

As Americans file their taxes this tax season, the Trump administration threatens to unravel the modern fiscal state.
A bread line on New York's Lower East Side in 1930.

Trump Tariffs Conjure Specter of Smoot-Hawley Act, a Depression-Era Blunder

The 1930 tariff bill hurt exporters and provoked other countries to enact their own tariffs as the U.S. economy grappled with the Great Depression.
Franklin Delano Roosevelt

Franklin D. Roosevelt, Free Trader

A little understood part of the New Deal.
Donald Trump at a formal event.

Trump’s Imperial Fantasy: To Be Polk, McKinley, and Putin—All at Once

Trampling rights, imposing tariffs, gobbling up others’ territories. Trump is imitating his role models to a T.
Henry Carey.

The Thinker Who Explains Trump’s Tariffs

Henry Charles Carey is arguably the most influential economist in American history.
"Made in U.S.A." sticker

The Return of Political Economic Nationalism

The populist turn in our politics is best understood as a revival of old categories of political economy.
Donald Trump and Xi Jinping, flanked by the U.S. and Chinese flags.

Back to the ’80s?

Trump, Xi Jinping, and the tariffs.

The Historical Roots of Donald Trump’s Aggressive Nationalism

What the President’s confrontations with Panama, Greenland, Canada, and Colombia suggest about his expansionist vision.
Grover Cleveland.

The President Trump Is Pushing Aside

Grover Cleveland enthusiasts aren’t thrilled that Donald Trump won a nonconsecutive presidential term.
Photo of Grover Cleveland and then a photo of Donald Trump next to each other.
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Will Grover Cleveland's Second Term Foreshadow Trump's Future?

The only president before Trump to win, lose, and win again ended up decimating his own party during his second term.
Donald Trump at a podium

The New Trumpian Bargain

Trump's second term echoes 19th-century policies: tariffs and immigration limits protect workers, while deregulation risks widening inequality.
Shipping container labeled "China Shipping," overlaid on political cartoon showing a tariff slowing supply of medicine to a drip.

Trump Loves The 1890s But He’s Clueless About Them

The tariffs he keeps babbling about didn’t make that decade great. They helped usher in a depression.
Donald Trump

Donald Trump Would Be Weaker the Second Time Around

Donald Trump wants the ideology of William McKinley and Gilded Age Republicanism, but with a totally different social base. It won’t work.
John Sherman
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The Other Sherman’s March

How the younger brother of the famous general set out to destroy the scourge of monopoly power.
President Bill Clinton signing NAFTA

The Long Shadow of NAFTA

Neither side of the border has seen the benefits it was promised.
The cover of "Sectionalism and American Political Development: 1880-1980"

Sectional Industrialization

Political scientist Richard Bensel explains the feedback loops between policy commitments of political elites and the regional distribution of political power.
Black-and-white illustration of men using several of Thomas Edison's inventions

A Dose of Rational Optimism

"Slouching Towards Utopia" is a rise-and-fall epic—but it is better at depicting the rise than explaining the fall.

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