The most significant long-term impact of the Smoot-Hawley Tariff Act was that the resentment it generated encouraged other countries to form discriminatory trading blocs, which diverted trade away from the United States and hindered global economic recovery.

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 (2)

• U.S. location
• Smoot-Hawley Tariff Act of 1930 concept