The Smoot-Hawley Tariff Act, signed into law in 1930, was a U.S. legislative measure that raised tariffs on over 20,000 imported goods. Named after its sponsors, Senator Reed Smoot and ...

Smoot-Hawley cast a shadow over tariff policy for decades, Irwin said. "It gave tariffs a bad name," he added. For decades, prominent members of both major parties focused on the risks posed by ...

The Smoot-Hawley Act of 1930, a Depression-era tariff signed into law by then-President Herbert Hoover, continues to be invoked in conversations surrounding Trump’s tariff plan, ...

Smoot, who chaired the Senate finance committee, helped oversee passage there in March 1930. Reconciled legislation that became the Smoot-Hawley Tariff Act finally cleared Congress that June.

Smoot-Hawley focused largely on agriculture and manufacturing; Trump's plan targets all major exporters to the U.S., with punitive rates based not just on current tariffs but also on non-tariff ...

The Smoot-Hawley Tariff Act raised U.S. tariffs to nearly 60% on tens of thousands of imported goods, resulting in higher prices for Americans, sparking retaliation and the collapse of global trade.

The Smoot-Hawley tariffs set off a near-immediate trade war, in which several foreign nations responded to tariffs by slapping U.S. imports with taxes of their own. Story Continues ...

What could the legacy of Smoot-Hawley mean for Trump's tariff proposals? Smoot-Hawley cast a shadow over tariff policy for decades, Irwin said. "It gave tariffs a bad name," he added.