Beggar Thy Neighbour – Hurt Thyself – Jindal Forum for International and Economic Laws
On June 17, 1930, the United States enacted the Smoot-Hawley Tariff Acta sweeping protectionist law that significantly raised duties on over 20,000 or about 25% of all imported goods into USA. Passed during the early days of the Great Depression, the Act was intended to protect American farmers and manufacturers. Instead, it triggered a devastating…