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The Tariff of 1828 was a very high protective tariff that became law in the United States on May 19, 1828. ... most specifically on raw wool imports, ...
The iron and steel industry, and the wool industry, were the well-organized interests groups that demanded (and usually obtained) high tariffs through support of the Republican Party. Industrial workers had much higher wages than their European counterparts, and they credited it to the tariff and voted Republican.
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 ...
High tariffs were a policy designed to encourage rapid industrialisation and protect the high American wage rates. [35] The policy from 1860 to 1933 was usually high protective tariffs (apart from 1913 to 1921). After 1890, the tariff on wool did affect an important industry, but otherwise the tariffs were designed to keep American wages high.
The iron and steel industry, and the wool industry, were the well-organized interests groups that demanded, and usually obtained, high tariffs through support of the Republican Party. Industrial workers had much higher wages than their European counterparts, and they credited it to the tariff and voted Republican.
Trump calls tariffs "the most beautiful word in the dictionary" and has even floated things like 2,000% tariffs on autos and said his aim in some areas is to implement "the highest tariff in history."
President Donald Trump's latest barb in the ongoing trade war with China will hit families hard during one of the most crucial retail periods of the year: back-to-school shopping season.
Sponsored by Henry Clay, this tariff provided a general level of protection at 35% ad valorem (compared to 25% with the 1816 act) and hiked duties on iron, woolens, cotton, hemp, and wool and cotton bagging.