THIS Is What Happened Last Time the U.S. Imposed Major Tariffs! Will the Market Crash?

The U.S. tariffs are intended to ensure that U.S. products, services, and industries are put first. The mainstream media has made it seem that this is the first time ever that this has been done. So let’s take a look back into the pages of history and see what happened last time tariffs were imposed and how that affected the stock market.

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Sources Used in This Video:
https://goo.gl/UpprQe

Bush imposes Canadian lumber tariffs - Mar. 22, 2002
http://money.cnn.com/2002/03/22/news/lumber_tariffs/
BUSH PUTS TARIFFS OF AS MUCH AS 30% ON STEEL IMPORTS - The New York Times
http://www.nytimes.com/2002/03/06/us/bush-puts-tariffs-of-as-much-as-30-on-steel-imports.html
2018-03-02.jpg (890×466)

U.S. Tariffs on Steel Are Illegal, World Trade Organization Says - The New York Times
http://www.nytimes.com/2003/11/11/business/us-tariffs-on-steel-are-illegal-world-trade-organization-says.html
Trump confidant dumped millions in steel-related stock last week – ThinkProgress
https://thinkprogress.org/trump-ichan-steel-imports-cf7deb8beaf0/
With Lumber in Short Supply, Record Wood Costs Are Set to Juice Home Prices - WSJ
https://www.wsj.com/articles/with-lumber-in-short-supply-record-wood-costs-are-set-to-juice-home-prices-1519916401
GM Investing $1 Billion in Brazil for New Cars
https://www.cnbc.com/id/31923642
France forced to drop 75% supertax after meagre returns | World news | The Guardian
https://www.theguardian.com/world/2014/dec/31/france-drops-75percent-supertax