Blog WHAT WAS THE SMOOT-HAWLEY TARIFF ACT OF 1930?

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WHAT WAS THE SMOOT-HAWLEY TARIFF ACT OF 1930?

The Tariff Act of 1930 signed into law by U.S. President Herbert Hoover on 17 June 1930 were duties (taxes) placed on over 20,000 imported goods. It’s political intent was to preserve American jobs, particularly in the agricultural sector, by discouraging foreign imports. Quoting the US Dept of State on the origin of the Act:

 

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