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 ?
The complaint alleges violations of section 337 of the Tariff Act of 1930 in the importation into the United States and sale of certain mobile devices with multifunction emulators that infringe patents asserted by the complainant.
As part of the initial determination, Judge Pender found that there is a violation of section 337 of the Tariff Act of 1930, as amended, 19 U.S.C.
Lawmakers, who were in a protectionist mood, responded to the pain of the Great Depression by passing the infamous Smoot-Hawley Tariff Act of 1930, which increased duties on hundreds of imports.
In the spirit of the times, I've suggested to my family that we rename our Labradors Smoot and Hawley, after the US Senator and Representative who sponsored the ruinous Tariff Act of 1930. It's not going to happen.
As the disastrous effects of the Tariff Act of 1930 (the "Smoot-Hawley" or "Hawley-Smoot Tariff," as Irwin calls it) were rippling across the globe, and the Democrats returned to power in Washington, the main function of the tariff became a nobler one: reciprocity.
Lawmakers, already in a (http://www.nber.org/papers/w2001) protectionist mood , responded to the pain of the Great Depression by passing the infamous (https://www.investopedia.com/terms/s/smoot-hawley-tariff-act.asp) Smoot-Hawley Tariff Act of 1930 , which (http://www.economist.com/node/12798595) raised duties on hundreds of imports.
Under the Tariff Act of 1930, US industries may forward a petition for relief from imports that are sold at less than fair value in the United States or which benefit from subsidies provided through foreign government programs, according to the US International Trade Commission.
Amended Title VII of the Tariff Act of 1930 ("Act") in order to implement the provisions of the Anti-dumping agreement.
International Trade Commission (ITC) has been resolving unfair trade practices, especially patent infringement disputes under Section 337 of the Tariff Act of 1930. Section 337 provides an avenue for investigation of unlawful practices in import trade, including infringement of intellectual property rights.
They examine the origins of the American Smoot-Hawley Tariff Act of 1930, first-class passenger ship fares between Britain and New York City from the 1820s to the outbreak of World War I, the American savings and loan meltdown of 1986-1995, investor responses to monetary and fiscal reforms adopted in the wake of an Ottoman government default in 1875, and the behavior of inflation expectations in the early 1930s in the US.
Electrification, tractorization and motorization: revisiting the Smoot-Hawley tariff act of 1930. Journal of Economic Issues, 48(4), 1039-1071.