Tariff of Abominations

For those complaining that Trump's tariffs are a betrayal of Republican free market traditions, it's worth remembering that Senator Reed Smoot of Utah and Rep. Willis Hawley of Oregon were both Republicans. Jay Foraker of Brown Brothers Harriman has a really nice, long-view historical perspective, headlined, "The Cycles of U.S. Trade Policy," available here. It was published December 4, 2017 but is newly timely and relevant right now.