{"id":222403,"date":"2025-04-21T14:49:26","date_gmt":"2025-04-21T18:49:26","guid":{"rendered":"https:\/\/ibkrcampus.com\/campus\/?post_type=glossary-terms&p=222403"},"modified":"2025-04-21T14:49:28","modified_gmt":"2025-04-21T18:49:28","slug":"smoot-hawley-tariff-act-of-1930","status":"publish","type":"glossary-terms","link":"https:\/\/www.interactivebrokers.com\/campus\/glossary-terms\/smoot-hawley-tariff-act-of-1930\/","title":{"rendered":"Smoot-Hawley Tariff Act of 1930"},"content":{"rendered":"\n

The Smoot-Hawley Tariff Act of 1930 was a significant piece of U.S. legislation that raised import duties to protect American businesses and farmers from foreign competition. By increasing tariffs on over 20,000 imported goods, the Act aimed to encourage domestic consumption and boost the economy during the Great Depression. However, it led to international trade tensions, as other countries retaliated with their own tariffs, reducing global trade. This exacerbated the economic downturn, highlighting the complex interplay between protectionist policies and international economic relations. The Act is often cited as a cautionary example of the potential negative impacts of high tariffs.<\/p>\n\n\n\n

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