Donald Trump has spent considerable time on the campaign trail this year invoking a president who has been dead for more than 123 years: William McKinley.
McKinley, who served as president from 1896 to 1901, was an ultra-protectionist politician who arrived at the White House having already pushed through a key piece of legislation that boosted tariffs on many American products. The "
High duties made more reappearances after McKinley, to be sure — notably when President Herbert Hoover signed into law the Smoot-Hawley Tariff Act of 1930. That's far less than Trump's promises on the campaign trail, which have been pegged at costing around $5.2 trillion and $6.9 trillion over the next decade.There are other reasons some say it may not make sense to return to the 1890s, an era that also came before the Federal Reserve and other economic tools at the government's disposal to smooth out boom and bust cycles.
But critics of tariffs grew and reached a crescendo with the historic failure of the Smoot-Hawley Tariff Act of 1930. It was signed into law by Hoover in the early stages of the Great Depression and then blamed for making the downturn worse. A juror on the Menendez brothers’ trial said she believes that today’s world would have been more understanding about the complexity of the trauma suffered by sexual abuse victims — and would have acquitted the brothers of the 1989 murder of their parents.
William Mckinley Getty Images Robert Merry Mckinley Tariff White House William Bolt
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
With Trump Media stock cratering, Donald Trump has a decision to makeFormer president faces a crossroads in 10 days
Read more »
Ex-Trump Aide Spots How Kamala Harris May Bait Donald Trump Into Second DebateSpanish/English journalist covering a wide range of topics -- from breaking news and politics to popular culture, street art, memes, satirical takes, environmental issues, social media trends and more.
Read more »
Jimmy Kimmel Turns Trump’s Latest ‘Brand Crap’ Into Brutal Dig At Donald Trump Jr.Spanish/English journalist covering a wide range of topics -- from breaking news and politics to popular culture, street art, memes, satirical takes, environmental issues, social media trends and more.
Read more »
Donald Trump’s fate is written in the falling stars of Trump MediaOnce worth over $60 per share, Trump Media opened trading this week at under $14. It may just be that investors are sensing a change in the wind
Read more »
Melania Trump suggests support for abortion rights in break from Donald TrumpThe wife of the Republican U.S. presidential candidate commented on a woman’s right to ‘individual freedom’ in a video posted to promote her memoir
Read more »
Donald Trump, Elon Musk attend rally at same Pennsylvania grounds where gunman tried to assassinate TrumpDonald Trump returned on Saturday to the Pennsylvania fairgrounds where he was nearly assassinated in July, holding a sprawling rally with thousands of supporters in a critical swing state Trump hopes to return to his column in November's election.
Read more »