> There is a reason you will find tariffs drop off after the great depression.

The reason is, the whole world's manufacturing base had been destroyed in the War and the USA was the only man left standing!

We didnt need tarriffs because we were already winning the trade balance. Tarriffs made it harder to repatriate overseas gains.

https://www.stlouisfed.org/on-the-economy/2019/may/historica...