|
| |
Tariff Act of 1930: P.L. 71-361, also known as the
Smoot-Hawley Act, raised U.S. import tariffs to their highest levels in history,
prompting U.S. trading partners to adopt their own retaliatory trade barriers
and exacerbating the Great Depression. Ensuing U.S. policies have virtually
eliminated the Act’s most onerous provisions, but some elements of the amended
law still serve as the authorizing vehicle for a number of general trade
provisions of importance to the agricultural sector, including
countervailing duties, antidumping duties,
and country-of-origin labeling.
| |
|
