Smoot-Hawley Act

(redirected from Tariff Act of 1930)

Smoot-Hawley Act

Legislation in the United States, passed in 1930, that raised tariffs on thousands of imports. The idea behind the Act was to protect American jobs, especially those of farmers, from cheap imports. However, the Act is considered to have been a failure because it led to retaliatory measures in foreign countries, which reduced U.S. exports. Some economists consider the Act to have been a contributing cause to the depth of the Great Depression. See also: NAFTA, Trade war.
References in periodicals archive ?
Under the Tariff Act of 1930, importers of record are required to file regular reports on merchandise to be imported to the U.
The ITC issued its Final Determination finding that MaxLinear did not violate Section 337 of the Tariff Act of 1930, as amended, a result in favor of MaxLinear and MaxLinear s customers.
partner Mentalix violated Section 337 of the Tariff Act of 1930, a trade provision that declares it unlawful to engage in "unfair practices" in connection with import trade, by infringing two of Crossmatch's patents, the 5,900,993 patent and the 7,203,344 patent.
The cases involving medical devices suggest that manufacturers and importers should monitor and address any issues that place them at risk of litigation relating to Section 337 of the Tariff Act of 1930.
Power under Section 337(j) of the Tariff Act of 1930 to the Office of
The US regulates anti-dumping and countervailing duties in accordance with the Tariff Act of 1930.
Amsted filed a complaint with the International Trade Commission (ITC) in August 2008, claiming TianRui had misappropriated its trade secrets and was violating the Tariff Act of 1930, which prohibits unfair competition and unfair importation into the U.
The complaint, filed on July 8, asks the commission to conduct an investigation under Section 337 of the Tariff Act of 1930, regarding certain portable electronic devices and related software, according to a notice on the ITC website.
HP said on Thursday that the investigation, based on a complaint filed by the company on 23 September 2009, alleged violations of section 337 of the Tariff Act of 1930 in the importation into the US and sale of HP 02 compatible inkjet ink supplies that infringed patents asserted by HP.
The United States took the lead in the turn to protectionism with the infamous Smoot-Hawley Tariff Act of 1930.
For example, the Tariff Act of 1930, (42) as amended, establishes a procedure for patentees to prevent the importation and/or distribution of infringing items.