ABSTRACT
The New American Tariff – The signature by President Hoover of the Hawley-Smoot Tariff Bill at Washington is the tragi-comic finale to one of the most amazing chapters in world tariff history, and it is one that Protectionist enthusiasts the world over would do well to study. There is a concrete illustration of a retaliatory measure by the French Parliament which was successful in reducing the tariff on lace. The Swiss industrialists and Government did their very best to draw the attention of the United States Government to the serious consequences which the enforcing of the new duties would have on Swiss economic conditions, but it was in vain. High-tariff walls here and everywhere have constituted the greatest single underlying cause of the present world economic collapse. In the two years since the depression began forty-five nations have made important changes in their tariff rates.
