Baloney.
Smoot-Hawley hurt America because at the time, America was an exporting powerhouse.
We held the weaker negotiating hand. So everyone else, called our bluff.
We now don’t make anything, for other countries (not) to buy.
America is in a no-lose position. What - are we going to lose exports?
We already gave them all away.
COMMENCE THE TRADE WAR.
It’s long, past time.
That's my thinking. We don't buy their cheap crap - they don't buy our cheap food. Who's the real loser?
Maybe, but we'll definitely pay more for less imports and the consumer will have less to choose from. And stupid government will once again screw up free market competition, the only economic engine that, as historical fact shows, has ever worked.
Screw the chi-coms.