Trump says Oregon congressman tried ‘to save our country’ with tariffs in 1930, ‘but it was too late’
Trump says Oregon congressman tried ‘to save our country’ with tariffs in 1930, ‘but it was too late’
- April 7, 2025
- Gary Richardson, economics, Associated Press, OregonLive, April 7, 2025
-----
Gary Richardson, an economics professor at the University of California, Irvine, said the U.S. long maintaining high tariffs “helped to shift industry here. But we’ve gotten rid of them because, as the country at the cutting edge of technology, we didn’t think they were useful.” “When we were at our most powerful, right after World War II, we forced a low tariff regime on most of the world because we thought it was to our benefit,” said Richardson, also a former Federal Reserve System historian. “Now, we’re going back to something else.”
For the full story, please visit https://www.oregonlive.com/politics/2025/04/trump-says-oregon-senator-tried-to-save-our-country-with-tariffs-in-1930-but-was-too-late.html.
-----
Would you like to get more involved with the social sciences? Email us at communications@socsci.uci.edu to connect.
Related News Items
- Careet RightTrump's quest for more sway over Fed faces fresh hurdles
- Careet RightGas prices in SoCal soar as war in Iran continues
- Careet RightIndependent truckers feeling pain at pump with increasing as prices
- Careet RightFrom food to plastic: rising costs due to war
- Careet RightU.S. Department of Labor says economy lost 92,000 jobs in February