News

Hawley Tariff Act.
Here's what to know about the Smoot-Hawley Tariff Act, its economic impact, and what its legacy means for the tariffs announced by Trump, according to experts.
The Smoot-Hawley Act of 1930, a Depression-era tariff signed into law by then-President Herbert Hoover, continues to be invoked in conversations surrounding Trump’s tariff plan, as the on-again ...
But the Smoot-Hawley Tariff Act — named after its Republican authors, Sen. Reed Smoot of Utah and Rep. Willis C. Hawley of Oregon — became law on June 17, 1930, when Hoover signed the bill.
The Smoot-Hawley Act of 1930, ... The policy raised U.S. import tariff rates, which were already high, in an attempt to guard American businesses and farmers from foreign competition.
The Smoot-Hawley Tariff Act raised U.S. tariffs to nearly 60% on tens of thousands of imported goods, resulting in higher prices for Americans, sparking retaliation and the collapse of global trade.
Signed into law in June 1930, the Smoot-Hawley Tariff Act sharply raised U.S. tariffs on over 20,000 imported goods to protect American farmers and manufacturers during the early days of the Great ...
President Herbert Hoover signed the Smoot-Hawley Tariff Act in 1930, even as many economists warned that the levies would prompt retaliatory tariffs from other countries, which is precisely what ...
President Trump seems to have taken his cues from the Smoot-Hawley Tariff Act of 1930. And boy did that one go over well! Houston Chronicle Logo Hearst Newspapers Logo ...
Reconciled legislation that became the Smoot-Hawley Tariff Act finally cleared Congress that June.Hoover was conflicted, especially after more than 1,000 U.S. economists signed a letter urging a veto.
Reconciled legislation that became the Smoot-Hawley Tariff Act finally cleared Congress that June.Hoover was conflicted, especially after more than 1,000 U.S. economists signed a letter urging a veto.