The United States Congress passed the Smoot–Hawley Tariff Act of 1930 to address the Great Depression, but the act worsened the economic situation as Canada, Britain, Germany, France, and other industrial nations retaliated with their own tariffs and bilateral trade deals, causing a decline in American imports and exports.

Authors

• Person: Not available Organization: Wikipedia
  History of tariffs in the United States - Wikipedia

Sources

• History of tariffs in the United States - Wikipedia en.wikipedia.org Wikipedia via serper

Referenced by nodes (10)

• tariff concept
• imports concept
• Britain location
• exports concept
• Canada location
• Germany location
• France location
• Great Depression event
• Smoot–Hawley Tariff Act event
• United States Congress entity