4.6 • 2.7K Ratings
🗓️ 23 April 2025
⏱️ 7 minutes
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0:00.0 | This is CBSI on the World. I'm John Bachelor with Philip Wallach of the American Enterprise Institute, |
0:09.1 | the author of Why Congress, 2023, and I look forward to the book because Philip and I joked, |
0:15.3 | Wilson's got to be in there somewhere, and Phil laughed and said, yep, he is. But we're past |
0:19.7 | Wilson now. We've come to the inheritor |
0:22.5 | of the New Deal, Harry Truman. What is GATT? What is the significance? 1947, fellow. |
0:29.4 | Right. So Truman, without really having the backing of Congress very strongly at all, goes and |
0:37.0 | negotiates the general agreements |
0:38.6 | on tariffs and trade, GATT, which is, I think I think of it as sort of the precursor to the |
0:44.2 | World Trade Organization, sort of a world body that's going to try to liberalize trade around |
0:52.0 | the world. And he negotiates it, gets the United States into it, |
0:56.7 | even though Congress is not really so enthusiastic about it. But Congress doesn't repudiate that |
1:02.2 | and eventually comes to accept it over the course of the 1950s. |
1:05.9 | Did he hold in his power the arbitrary decision-making of protectionism or tariffs or did Congress still |
1:13.6 | use its authority? I think this was, he is still using the same powers as Franklin |
1:22.0 | Roosevelt to sort of liberalize trade. All the direction in this area is toward freer trade, and the president is the engine |
1:31.0 | of that change. |
1:32.6 | Now we come to John F. Kennedy's brief time in the White House and the Trade Expansion Act |
1:38.2 | of 1962. |
1:40.1 | Here's the discovery in your piece for me. |
1:42.4 | Section 232. |
1:43.4 | I hear it mentioned all the time along with 301. |
1:45.7 | What is Section 232? |
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