50% Tariffs on Chinese Imports? Didn't This Fuel the Great Depression?

Alan Tonelson, a fellow at the United States Business and Industry, was on Tech Ticker the other day saying the U.S. needs to put a 50% tariff on all Chinese Imports. Smoot Hawley Tariff Part II? Any thoughts on the trade deficit? Why not focus on the currency peg?



Source: http://finance.yahoo.com/tech-ticker/to-save-america-we-need-to-put-50-tariffs-on-all-chinese-imports-says-tonelson-535583.html. Here is the first video: The High Cost of 'Free' Trade: Obama "Doesn't Understand Fundamental Reality,” Expert Says.

Also read:
Dow 2010 vs. 1930 Rally, Tariffs Put Fuel On Fire, What Could Do It Now?
Dow 1929 Bear Market Rally Compared To 2009 Rally (Charts + Smoot Hawley)

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