The Smoot-Hawley Tariff and the Great Depression

Second, the farm sector would not be helped since “cotton, pork, lard, and wheat are export crops and sold in the world market” and the price of farm equipment would rise. Third, “our export trade in general would suffer. Countries cannot buy from us unless they are permitted to sell to us.” Fourth, the tariff would “inevitably provoke other countries to pay us back in kind against our goods.”
— Read on fee.org/articles/the-smoot-hawley-tariff-and-the-great-depression/

Farmers are going bankrupt, John Deere has layed people off, and China hasn’t been buying products.

Which matters the most: Economic Nationalism or Economic Internationalism?

Economic nationalism is said to be as the body policies that emphasize domestic control of the economy, capital formation and labor. Economic nationalism underline the burden of tariffs and other movement of labor, which are restricted, it also include policies such as protectionism and import substitutions. Economic internationalism gives great concern on the effect of…
— Read on ipemdx2014.wordpress.com/2014/02/06/which-matters-the-most-economic-nationalism-or-economic-internationalism/