|
Year |
Name |
Description |
|
1789 |
Primarily for revenue; some protection for "infant industries;"
( |
|
|
1816 |
First protective tariff; Clay and Calhoun supported as
part of American System;
Southern cotton growers opposed; ( |
|
|
1824 |
Further heightening of rates; growing opposition from
South; ( |
|
|
1828 |
Higher protective measures for |
|
|
1832 |
Tariff of 1832 |
Moderate reform returned rates to 1824 levels; unmoved |
|
1833 |
Clay compromise; gradual reduction of rates over time to
1816 levels; New England states opposed; ( |
|
|
1842 |
Upward revision forced by depression following Panic of 1837; ( |
|
|
1846 |
Democrats controlled Congress; West supported tariff
reduction in hope of selling grain abroad; move toward tariff for revenue
only; (Polk administration). |
|
|
1857 |
Downward tariff revision to almost free trade status;
North opposed; (Buchanan administration). |
|
|
1861- |
Steadily increased protectionism to help fund Union war
costs; South not represented in Congress during Civil War; (Buchanan and
Lincoln administrations). |
|
|
1872 |
Tariff of 1872 |
Post-war reform tariff, reduced rates on some
manufactured goods; (Grant administration). |
|
1875 |
Tariff of 1875 |
Continued downward revision; average rates reduced by 10
percent; (Grant administration). |
|
1883 |
Republicans abandoned reform; compromise satisfied no
one; (Arthur administration). |
|
|
1890 |
Highest protective tariff to date: average 48 percent;
(B. Harrison administration). |
|
|
1894 |
Reform measure crippled by Senate amendments; ( |
|
|
1897 |
Blatantly protective measure; some rates at 57 percent;
(McKinley administration). |
|
|
1909 |
Attempt to lower average level of duties; little
meaningful reform; Progressives angered; (Taft administration). |
|
|
1913 |
Democrats took control of Congress; general duty
reduction soon negated by outbreak of World War I; federal income tax
provision; ( |
|
|
1921 |
Republicans returned to power and responded to mini-depression;
raised agricultural rates to protect farmers; only a stopgap measure until
new law written; (Harding administration). |
|
|
1922 |
Increased rates sharply; president empowered to adjust
rates; Tariff Commission created to advise president; (Harding
administration). |
|
|
1930 |
Raised |
|
|
1934 |
|
Reciprocal treaties to reduce tariffs and stimulate trade
during depression; (F.
Roosevelt administration). |
|
1948 |
General Agreement on Tariffs and Trade (GATT) |
United
Nations organization created to seek tariff reductions. |
|
1962 |
Trade Expansion Act |
President received authority to negotiate tariff
reductions up to 50 percent; aimed primarily at European Economic Community
(later European Union); (Kennedy
administration). |
|
1963- |
"Kennedy Round" |
GATT talks aimed at tariff reduction, primarily with |
|
1973- |
" |
GATT talks aimed at non-tariff trade barriers; included
non-GATT members; (Nixon administration). |
|
1974 |
Trade Act of 1974 |
President given authority to end tariff duties against
products from developing nations; (Ford administration). |
|
1993 |
North American Free Trade Agreement (NAFTA) |
|
|
1994 |
GATT/WTO |
New GATT agreement signed; World
Trade Organization (WTO) formed; ( |