Business / Agriculture / Tariff Act Of 1930: P.L. 71-361, also known as the Smoot-Hawley Act, raised U.S. import tariffs to their highest levels in history, prompting U.S. trading partners to adopt their own retaliatory trade barriers and exacerbating the Great Depression. Ensuing U.S. policies have virtually eliminated the Act’s most onerous provisions, but some elements of the amended law still serve as the authorizing vehicle for a number of general trade provisions of importance to the agricultural sector, including countervailing duties, antidumping duties, and country-of-origin labeling.
Act Noun Synonyms: deed, action, undertaking, operation, step, move, feat, exploit, accomplishment, achievement
Act Verb Synonyms: behave (oneself), carry on, deport oneself, comport oneself, conduct oneself
Tariff Adjective Synonyms: schedule (of charges), price-list, bill of fare, menu
Tariff Verb Synonyms: tax, assessment, duty, excise, levy, impost, toll, rate
Business / Agriculture / Country-Of-Origin Labeling: Under Section 304 of the Tariff Act of 1930, as amended, most products entering the United States must be clearly marked so that the 'ultimate purchaser' can identify the country of origin. Imported m MORE
Business / Finance / Overreaction Hypothesis: The supposition that investors overreact to unanticipated news, resulting in exaggerated movements in stock prices followed by corrections. MORE