News

Hawley Tariff Act.
The debate on tariffs ignores a very big issue: the tax wedge. A tariff is a tax, and a tax is a wedge, an obstacle between ...
Within months of the stock market crash, Hoover signed into law the Smoot-Hawley Tariff Act, a 1930 measure that increased tariffs for a broad swathe of imported goods.
It's Smoot-Hawley all over again! At least by this reporter's calculations, the sweeping tariff regime that President Trump unveiled following the market close on April 2 literally lifts America's ...
The Smoot-Hawley Act of 1930, maybe most familiar due to its inclusion in the 1986 film “Ferris Bueller’s Day Off,” was enacted by Republican President Herbert Hoover at the start of the ...
The original Smoot-Hawley language that Rubenfeld cites was in section 338(d) of the Tariff Act of 1930 [19 U.S.C. §1338(d)], which granted the President this broad tariff power if a foreign ...
President Herbert Hoover signed the Smoot-Hawley Tariff Act in 1930, even as many economists warned that the levies would prompt retaliatory tariffs from other countries, which is precisely what ...
T he Smoot-Hawley Tariff Act of 1930 is blamed for deepening the Great Depression. Don’t tell that to the Trump administration, which just unveiled the toughest tariffs in almost a century.