Tariff Legislation in the United States

Section 332 in International Trade

In this context, a concept of Section 332 (Christopher Mark, 1993) is the following: A provision of the Tariff Act of 1930 authorizing self-initiated or Presidentially-directed studies of domestic industries by the US International Trade Commission. Such studies may subsequently lead to investigations of foreign dumping or subsidization, or Section 301 cases.

Section 337 in International Trade

In this context, a concept of Section 337 (Christopher Mark, 1993) is the following: A provision of the Tariff Act of 1930 making it unlawful to engage in unfair acts or unfair methods of competition when importing or selling imported goods. Most Section 337 cases involve alleged violations of US patents, copyrights, or trademarks. See also Special 301.

Smoot-Hawley Act in International Trade

In this context, a concept of Smoot-Hawley Act (Christopher Mark, 1993) is the following: Formally known as the Tariff Act of 1930, the Smoot-Hawley tariff is regarded by many scholars as the high-water mark of an extremely protectionist period in US trade policy; all major trading nations were highly protectionist at the time, however. The Act raised tariffs on over 20,000 items to record levels, provoking retaliatory tariff increases by other countries. The cycle of retaliation and counter- retaliation led to a decline in world trade by roughly two-thirds, contributing significantly to the spread and deepening of the Great Depression.

Tariff Act of 1930 in International Trade

Resources

See Also

Smoot-Hawley Act