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Examples
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Unlike America's last great trade blunder, the Tariff Act of 1930 aka Smoot-Hawley, the China bill wouldn't raise tariffs across the board, but would instead allow companies to seek countervailing duties by treating a "misaligned" currency as a subsidy.
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In 1929 and 1930 the United States passed a trade bill called the Smoot-Hawley tariff, named after the chief Senate sponsor and the chief House sponsor.
RETURN TO PROSPERITY Arthur B. Laffer 2010
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Government’s focus on trade peaked at the end of the third decade of the twentieth century when the United States imposed a huge set of tariffs on imported goods collectively known as the Smoot-Hawley tariff.
RETURN TO PROSPERITY Arthur B. Laffer 2010
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As the US department of State website says, "To this day, the phrase" Smoot-Hawley "remains a watchword for the perils of protectionism."
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As the US department of State website says, "To this day, the phrase" Smoot-Hawley "remains a watchword for the perils of protectionism."
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As the US department of State website says, "To this day, the phrase" Smoot-Hawley "remains a watchword for the perils of protectionism."
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As the US department of State website says, "To this day, the phrase" Smoot-Hawley "remains a watchword for the perils of protectionism."
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As the US department of State website says, "To this day, the phrase" Smoot-Hawley "remains a watchword for the perils of protectionism."
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Now, of course, in our universe this was called the Smoot-Hawley Act and it was signed into law in 1929 by Republican President Herbert Hoover.
More Michele Bachmann Alternate Universe Woes « Gerry Canavan 2009
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Think of Chinese policy as a modern day Smoot-Hawley, the response isnt to enact a similar protection yourself.
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