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Stuff They Don't Want You To Know

The Trouble With Tariffs: the Smoot-Hawley Act

Stuff They Don't Want You To Know

iHeartPodcasts

Society & Culture

4.310.7K Ratings

🗓️ 21 March 2025

⏱️ 88 minutes

🧾️ Download transcript

Summary

Tariffs! If you're like most people in the US, you probably didn't think much about the concept until recently -- it's always been one of those historical footnotes. However, the current news about proposed tariffs has the United States and the world overall in a tizzy. So what are tariffs? Why do some people love them, why do some people hate them -- and what can history teach us about the future? In tonight's episode, Ben, Matt and Noel separate the fact from fiction.

They don't want you to read our book.: https://static.macmillan.com/static/fib/stuff-you-should-read/

See omnystudio.com/listener for privacy information.

Transcript

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0:00.0

From UFOs to psychic powers and government conspiracies, history is riddled with unexplained events.

0:06.9

You can turn back now or learn the stuff they don't want you to know.

0:12.1

A production of IHeart Radio. Hello, welcome back to the show. My name is Matt. My name is Noel. They call me, Ben, we're joined as always with our super producer, Andrew, the Triforce Howard. Most importantly, you are you.

0:38.6

You are here.

0:42.8

That makes this the stuff they don't want you to know.

0:44.3

Oh, buddy.

0:46.8

Friends and neighbors, fellow conspiracy realists.

0:48.2

We're finally doing it.

0:53.4

It's the tariffs episode up until a few months ago.

0:57.5

It's fair to say, no judgment, that many of us in the crowd this evening spent years without thinking of tariffs, unless you're like a business tycoon

1:03.8

or you play very specific board games. Why are you thinking about tariffs? I guess I mainly

1:10.5

remember it from really early

1:12.0

like middle school civics classes, the same ones where you kind of learn about, you know,

1:16.7

the separation of church and state and checks and balances and all of that good stuff.

1:21.5

Well, you're, it's highly likely that you learned about this in school, the thing we're going to

1:25.8

be talking about today, because it was

1:28.5

a pretty big deal, at least a nice little, what do we say, guys, some kind of bullet point.

1:36.8

As you're learning about tariffs, you likely learned about this specific legislation.

1:43.2

Yeah, Ms. Grimsbyfife says this sentence will be on the

1:47.0

test. Was that a real teacher you had? What's that? Was that a real teacher you had? It's illegal for you to ask.

1:52.9

Miss Grimsby. Did you go to Hogwarts? Right. So I went to a couple of Hogwarts. Yeah. uh but uh let's be honest though you know i think

2:03.4

it's fair to say you guys that most of us at least in the united states we have had a at best a loose

...

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