As the know it all economists scream about tariffs and the falling sky, they have forgotten history. What happened and how tariffs eluded America is the question not answered.
President John F Kennedy
H.R. 11970. TRADE EXPANSION ACT OF 1962. ADOPTION OF THE CONFERENCE REPORT.
Oct. 4, 1962
This vote was related to H.R. 11970 (87th): An Act to promote the general welfare, foreign policy, and security of the United States through international trade agreements and through adjustment assistance to domestic industry, agriculture, and labor, and for other purposes.
All Votes Democrats Republicans
Yea 74% 256 178 78
Nay 26% 91 34 57
Present 38 29 9
Not Voting 50 20 30
Data from the official record at VoteView.com.
Filled with sadness re the loss of 45 and 47 promise.
All self inflicted. If you don’t understand, suggest you listen to today’s episode of Baris & Barnes.
Self inflicted.
Trump did not say this about tariffs, President John F Kennedy did.
This act recognizes, fully and completely, that we cannot protect our economy by stagnating behind tariff walls, but that the best protection possible is a mutual lowering of tariff barriers among friendly nations so that all may benefit from a free flow of goods. Increased economic activity resulting from increased trade will provide more job opportunities for our workers. Our industry, our agriculture, our mining will benefit from increased export opportunities as other nations agree to lower their tariffs. Increased exports and imports will benefit our ports, steamship lines, and airlines as they handle an increased amount of trade. Lowering of our tariffs will provide an increased flow of goods for our American consumers. Our industries will be stimulated by increased export opportunities and by freer competition with the industries of other nations for an even greater effort to develop an efficient, economic, and ...
