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Wednesday, July 22, 2026

There is no appeasing Donald Trump, or deterring him

Section 338 of the Tariff Act of 1930 – yes, that tariff act, aka the Smoot-Hawley Tariff Act, the law that famously turned a stock market crash into a worldwide depression – authorizes the President of the United States to impose tariffs on imports from foreign countries that impose “any …

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