The Smoot-Hawley Tariff Act, enacted in June 1930, added about 20% to the United States' already high import duties on foreign agricultural products and manufactured goods. The Fordney-McCumber ...
In September 1922, in a move to protect American farmers, protectionist President Warren Harding signed the Fordney-McCumber Tariff, which hiked tax rates on imported agricultural goods.
Tariff-free has now dominated for decades ... Back in 1922 the U.S. also experimented with protectionism with the Fordney-McCumber law aimed at protecting American factories and farms.
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