The Tariff Act of 1930 (codified at 19 U.S.C. ch. 4), otherwise known as the Smoot–Hawley Tariff or Hawley–Smoot Tariff,[1] was an act implementing protectionist trade policies sponsored by Senator Reed Smoot and RepresentativeWillis C. Hawley and signed into law on June 17, 1930. The act raised U.S. tariffs on over 20,000 imported goods.[2]
The tariffs (this does not include duty-free imports – see Tariff levels below) under the act were the second-highest in the U.S. in 100 years, exceeded by a small margin by the Tariff of 1828.[3] The Act and following retaliatory tariffs by America's trading partners were major factors of the reduction of American exports and imports by more than half during the Depression.[4] Although economists disagree by how much, the consensus view among economists and economic historians is that "The passage of the Smoot-Hawley Tariff exacerbated the Great Depression."<span>[5]</span>
Otherwise known as the Smoot–Hawley Tariff or Hawley–Smoot Tariff, was an act implementing protectionist trade policies sponsored by Senator Reed Smoot<span> and Representative </span>Willis C. Hawley<span> and signed into law on June 17, 1930. The act raised U.S. tariffs on over 20,000 imported goods. hope this answers ur answer:)</span>
