Chuck Grassley: “One of the things we need to remember is that trade is all about jobs. For instance, the whole movement of the last…”

“One of the things we need to remember is that trade is all about jobs. For instance, the whole movement of the last seven decades started with the bad economic impact of protectionism all over the world. It started in the United States with the Smoot-Hawley Act. I don't know that it was intended to be a bad piece of legislation. Probably the people who got it passed thought they were doing the right thing for the country. It bred protectionism all over the world. Everybody knows what happened in the 1930s, the tremendous movement toward protectionism.”