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Eric Hovde: “Highest tariff rate we had was back in the 1930s at 19.8%.”

Featuring: Eric Hovde, Republican | Former Candidate, U.S. Senate Wisconsin

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2025 Sunwest Bank Economic Forum with Eric Hovde

Published | Video Starts at 13:01

In fact, they report that there's about 1.6 million illegal immigrants that have self deported. So a massive change in immigration policy that has happened literally in a matter of months. Tariffs. Highest tariff rate we had was back in the 1930s at 19.8%. They went down, they went down, they went down. And then we really went from pretty much 1975 all the way to today with very little tariffs. Now here's the problem. (13:01–13:06)

CLAIM

Asserts that the highest U.S. tariff rate was 19.8% in the 1930s.

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