Search results
Results From The WOW.Com Content Network
The Tariff Act of 1890, commonly called the McKinley Tariff, was an act of the United States Congress, framed by then Representative William McKinley, that became law on October 1, 1890. [1] The tariff raised the average duty on imports to almost 50%, an increase designed to protect domestic industries and workers from foreign competition, as ...
The Tariff Act of 1930 (codified at 19 U.S.C. ch. 4), commonly known as the Smoot–Hawley Tariff or Hawley–Smoot Tariff, [1] was a law that implemented protectionist trade policies in the United States.
The Tariff of 1789 was the second bill signed by President George Washington imposing a tariff of about 5% on nearly all imports, with a few exceptions. [ 11 ] In 1790 the United States Revenue Cutter Service was established to primarily enforce and collect the import tariffs.
Underwood's bill, which represented the largest downward revision of the tariff since the Civil War, aggressively cut rates for raw materials, goods deemed to be "necessities," and products produced domestically by trusts, but it retained higher tariff rates for luxury goods. [10] The bill also instituted a tax on personal income above $4,000. [9]
Shortly after President Benjamin Harrison signed the tariff bill on Oct. 1, 1890, schedule L transformed the debate from one about industry and politics to one about culture and consumption.
The bill also gave the President the power to raise or lower rates on products if that was recommended by the Tariff Commission. In September 1922, the Fordney–McCumber Tariff bill (named after Joseph Fordney , the chair of the House Ways and Means Committee , and Porter McCumber , the chair of the Senate Finance Committee ) was signed by ...
After winning the election, Trump said he'd hit both Mexico and Canada with 25% with tariffs and add another 10% to China's bill on his first day in office. Trump said that those tariffs wouldn't ...
In September, Golden introduced a bill that mirrored Trump's proposal for a 10% tariff on all foreign imports. Under Golden's "Balance Unequal International Labor and Trade for the United States ...