A little History of the last time this was tried.
Protectionism
The battle of Smoot-Hawley
A cautionary tale about how a protectionist measure opposed by all right-thinking people was passed Dec 18th 2008 EVEN when desperate, Wall Street bankers are not given to grovelling. But in June 1930 Thomas Lamont, a partner at J.P. Morgan, came close. “I almost went down on my knees to beg Herbert Hoover to veto the asinine Hawley-Smoot Tariff,†he recalled. “That Act intensified nationalism all over the world.â€
According to David Kennedy, an historian, Lamont was “usually an influential economic adviser†to the American president. Not this time. Hoover signed the bill on June 17th: “the tragic-comic finaleâ€, said that week's Economist, “to one of the most amazing chapters in world tariff history…one that Protectionist enthusiasts the world over would do well to study.â€
The Tariff Act of 1930, which increased nearly 900 American import duties, was debated, passed and signed as the world was tumbling into the Depression. Its sponsors—Willis Hawley, a congressman from Oregon, and Reed Smoot, a senator from Utah—have come to personify the economic isolationism of the era. Sixty-three years later, in a television debate on the North American Free-Trade Agreement, Al Gore, then vice-president, even presented his unamused anti-NAFTA opponent, Ross Perot, with a framed photograph of the pair. Now, with the world economy in perhaps its worst pickle since the Depression, the names of Hawley and Smoot are cropping up again.
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https://www.economist.com/node/12798595