Smoot-Hawley what?

CLASH OF THE TIRES LEADS TO TRADE WAR...

What is Smoot-Hawley and why should I care?

Smoot-Hawley Tariff Act

A full-blown trade row erupted between the US and China after Beijing accused Washington of “rampant protectionism” for imposing heavy duties on imported Chinese tyres and threatened action against imports of US poultry and vehicles.

Trade relations between two of the world’s biggest economies deteriorated after Barack Obama, US president, signed an order late on Friday to impose a new duty of 35 per cent on Chinese tyre imports on top of an existing 4 per cent tariff.

Don't buy American! Vote Obama!

President Obama to water down 'Buy American' plan after EU trade war threat

“I agree that we can’t send a protectionist message,” he said in an interview with Fox TV. “I want to see what kind of language we can work on this issue. I think it would be a mistake, though, at a time when worldwide trade is declining, for us to start sending a message that somehow we’re just looking after ourselves and not concerned with world trade.”

Coming from a guy who campagined on getting rid of NAFTA and giving rebates and subsidies to American companies that don't send jobs overseas and who just supported a Porkulus Stimulus bill encouraging "Buy American"

Anyone remember this? "Buy American, Vote Obama"