Tariffs aggravated the Great Depression:
There is a established Free Trade Orthodoxy in academia that never varies on its support of Free Trade even after it's disastrous effect on the industrial vigour of national economies. Multilateral Free Trade has failed to meet any of its promises since the beginning of the globalist paradigm in the 1960s. Yet all of the caveats of its opponents.. from deindustrialization, decimation of the middle class, social disintegration, global financial chaos, encroaching impoverishment has been realized.
The academic institutions are bankrolled by financial and trading interests that are the only segments that benefit. It is almost always associated with regressive taxation and financial deregulation in nations that produces vast polarities of wealth and a supranational class of superrich. Don't believe anything you read about Free Trade if it comes out of Major University or the economic propaganda of Supranational Agencies.. WTO, IMF, World Bank, UN.