A reciprocal tariff is a tax or trade limit that one country imposes on another as a reaction to similar measures from that country. The purpose of reciprocal tariffs is to maintain fairness in trade ...

The bad economics of import taxes was succinctly summed up by Senator Rand Paul (R-KY), one of the few Republicans to ...

What's a simple definition of a tariff? You can think of it like a ... What's different about the current administration's approach? With the Smoot-Hawley Tariff Act of 1930, Congress enacted tariffs ...

The pejorative epithet "elite" is less a precise definition of a job description ... the disastrous effects of another tariff regime - the Smoot-Hawley tariffs signed into law by President Herbert ...

Those tariffs are widely credited with sinking the United States deeper into the Great Depression. And although global trade ...

Robert Bothwell, an emeritus professor of Canadian history at the University of Toronto, said the Smoot-Hawley Tariff Act was just another example of the “beggar-thy-neighbour” policies favoured by ...

Willis C. Hawley (left) and Reed Smoot meeting shortly after the signing of the Smoot-Hawley Tariff Act. (Credit: National Photo Company/Wikimedia Commons/Postmedia files) Fans of the movie Ferris ...

Though Congress holds power over regulating commerce with foreign nations, it has incrementally delegated significant ...

Something similar happened in 1930 after passage of the Smoot-Hawley Tariff, which reduced global trade and exacerbated the Great Depression, economists said. A trade war is brewing — and ...