The Lesson of Smoot-Hawley
On the podcast: The last big American trade war was in 1930. It ended badly for everyone.
The Ghost of Smoot-Hawley
On the podcast: The United States’ last big trade war was in 1930. It did not end well.
The Nationalist Internationale Is Crumbling
Steve Bannon is trying to sell Trumpism to Eastern Europeans—but shared ideologies die hard when they run into economic and military realities.
Steeling for a Fight
Trump's threatened tariffs won't hurt China. They'll goad the EU to retaliate and could spark a global trade war that won't end well for anyone.