Tuesday, February 04, 2025

PLAYBOOK REDUX Why Trump’s Tariff Idol, McKinley, Abandoned His Own Tariff Policy | WSJ #Trump #Tariffs #WSJ

 The Tariff Act of 1890, commonly called the McKinley Tariff, was an act of the United States Congress, framed by Representative William McKinley, that became law on October 1st, 1890. The tariff,
The ‘McKinley Tariffs’ were some of the largest hikes in U.S. history, but in his second term, McKinley changed his mind, and argued for more free international trade as a way of helping the U.S. economy. 
 

 
PROTECTIONISM

Feb 4, 2025   
President Donald Trump often cites the 25th President, William McKinley, as an inspiration for tariffs. 
WSJ explores 
  • how McKinley used tariffs, 
  • how Trump is following a similar playbook and 
  • why McKinley actually came to speak out against them. 
Chapters:  
0:00 Trump’s tariff idol  
0:50 Revenue 
 3:30 Restriction 
 5:02 
 7:17 Trump today 
 


Mckinley Cartoon, 1896. /Namerican Cartoon By Louis Dalrymple, 1896, Reminding Republican Presidential Candidate William Mckinley And His Supporters ...

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