That's an interesting read. To be clear, the tariff rate on durable goods was increased from 40% to 59% in 1932. [1] That seems like a far cry from what we're

That's an interesting read. To be clear, the tariff rate on durable goods was increased from 40% to 59% in 1932. [1] That seems like a far cry from what we're talking about here. It's my understanding these tariffs are levied against a single country (China) who is (widely believed to be) manipulating trade to their benefit and engaged in widespread IP theft. If the former is true, the tariffs (to me, a non-economist) don't seem terrible. Perhaps you can further elaborate on why a focused and limited tariff targeted to a single country is such a bad idea? [1] https://en.wikipedia.org/wiki/Smoot%E2%80%93Hawley_Tariff_Act https://en.wikipedia.org/wiki/Smoot%E2%80%93Hawley_Tariff_Ac...