The traditional Whig program of economic modernization called for a protective tariff
, but only under the assumption of a national market that spanned a continent.
Within the WTO it is easy to secure a protective tariff
, as it is always possible to negotiate compensation with producers", said Mr Lamy, adding that the tariff system "does not have all the shortcomings people claim".
Republicans were the party of the protective tariff
, Democrats were opposed to the "tariff system." While there was regional variation with respect to details at the level of specific products, this characterization is quite accurate over the entire period with respect to overall commitment to the tariff system.
The 1897 transfer was intended to avoid the protective tariff
imposed on US-made goods by Liberal Finance Minister W.S.
Although the Republican Party usually supported a high protective tariff
, as a means of aiding American industry and securing full employment, while the Democrats favoured a tariff for revenue purposes only as a way of helping American farmers, politicians of the 1870s and 1880s, imbued with laissez-faire ideas, generally chose to ignore domestic social and economic problems.
On the pro-party side of the debate, many historical accounts of early tariff legislation note the importance of party affiliation in postbellum politics.(6) Edward Stanwood argues, for example, that "all tariff acts have been to a large degree political measures, chiefly designed by their promoters to further the ends of party."(7) Historians and political scientists agree that during this period, "the Democrats favored free trade, or tariffs for revenue only; the Republicans favored a protective tariff
," and that the platforms of the parties were consistent with this view.(8)
An examination of our industrial background reveals that high rates of duties and sales tax on plant and machinery ranging from 70% to 100%, mark-up rate of 14% in good old days and now between 20% to 25% compelled our industrialists to go for plants not employing state-of-the-art technology, which were commercially viable mainly because of protective tariff
. But if suddenly the doors of global free market economy are opened up not many of such plants would prove efficient and capable of giving quality product.
The removal of trade barriers, protective tariff
, and subsidies means that only those livestock industries that are efficient will survive.
However, with the decline of racial segregation--particularly after the passage of the Civil Rights Act of 1964--the protective tariff
for Black-owned businesses eroded rapidly.
Milan/London: Fitch Ratings says in a new presentation that European toll road operators demonstrated resilience during the double-dip recession in 2008-2013, mainly due to their protective tariff
systems and targeted measures implemented to protect cash-flow generation.
The divisions over the idea that a protective tariff
was the centerpiece of American prosperity and the Adamson Act (which instituted an eight-hour work day for railway workers, pushed through the Congress by Wilson to avert a nationwide rail strike) were key to the ideological divisions.