The bill, which President Hoover would sign the following month, intensified international trade retaliation and is widely seen as worsening the global economic decline during the Great Depression.
On May 28, 1930, the U.S. House of Representatives approved the Smoot–Hawley tariff bill, advancing legislation that would raise U.S. import duties substantially.
The bill, which President Hoover would sign the following month, intensified international trade retaliation and is widely seen as worsening the global economic decline during the Great Depression.
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Trump officially signs a sanctions bill that expands tariff powers against Russia.
Trump signs a sanctions bill that empowers him to impose significant tariffs on India.
Trump signed a sanctions bill against Russia, enhancing his tariff authority.
Trump officially signs a sanctions bill against Russia, expanding his tariff powers.