Burt Folsom discusses Obama’s 35 percent tariff on Chinese tires here. Burt compares this action to the 1930 Smoot-Hawley tariff that set off a trade war and plunged the country into an even deeper depression.  Somehow Burt found a video clip of Roy Cordato explaining the Smoot-Hawley tariff to his NC State economics class. Don’t miss it!