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The Walker Tariff was a set of tariff rates adopted by the United States in 1846. Enacted by the Democrats, it made substantial cuts in the high rates of the "Black Tariff" of 1842, enacted by the Whigs. It was based on a report by Secretary of the Treasury Robert J. Walker. The Walker Tariff reduced tariff rates from 32% to 25%.
The Walker Tariff actually increased trade with Britain and others and brought in more revenue to the federal treasury than the higher tariff. The average tariff on the Walker Tariff was about 25%. While protectionists in Pennsylvania and neighboring states were angered, the South achieved its goal of setting low tariff rates before the Civil War.
The Tariff of 1857 was a major tax reduction in the United States that amended the Walker Tariff of 1846 by lowering rates to between 15% and 24%. [ 1 ] [ 2 ] The Tariff of 1857 was developed in response to a federal budget surplus in the mid-1850s. [ 2 ]
The Walker Tariff actually increased trade with Britain and others and brought in more revenue to the federal treasury than the higher tariff. The average tariff on the Walker Tariff was about 25%. While protectionists in Pennsylvania and neighboring states were angered, the South achieved its goal of setting low tariff rates before the Civil War.
For the first time in a decade, rates of adult obesity in the United States have dropped, a new study has found.. The study followed nearly 17 million people, the majority of whom were in the 26 ...
This is a list of United States tariff laws. 1789: Tariff of 1789 (Hamilton Tariff) 1790: Tariff of 1790; 1791: Tariff of 1791; 1792: Tariff of 1792; 1816: Tariff of 1816; 1824: Tariff of 1824; 1828: Tariff of 1828 (Tariff of Abominations) 1832: Tariff of 1832; 1833: Tariff of 1833; 1842: Tariff of 1842; 1846: Walker tariff; 1857: Tariff of ...
The call between Sheinbaum and Trump took place in late November after the Republican threatened to impose a 25% tariff on imports from Mexico and Canada if those countries do not stop the arrival ...
Minnie Driver knows how to get a conversation started. Amid the growing number of celebrities candidly speaking about their cosmetic enhancements, The Assessment actress, 54, asked a series of ...