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2026

Canada announces 'dollar-for-dollar' retaliatory tariffs on US as high as 50%

BBC World →

The latest escalation in an ongoing trade war between the US and Canada will see new levies on goods from steel to furniture, fresh tuna and makeup.

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1926

UNCLE SAM KICKS UPON OWN MEDICINE Protests Chinese Increase in Tariff Rates.

WASHINGTON, Nov. 17.—Somehow or other, Uncle Sam, with a revenue-producing tariff wall thrown around his own country, can't see the same thing for China. The State Department has registered a complaint through Consul General Douglas A. Jenkins, at Canton, China, against the proposed plan of the Cantonese government to inspect all foreign ships entering the port to see if they are carrying imports liable for duty. But it is a violation of foreign treaty rights for the Chinese to search foreign vessels in Chinese waters, they are exempt from examination, the State Department thunders at the bewildered Chinese. The United States also protested against an import tax of two and one-half cents on ordinary shipments and five per cent on luxuries, which the Cantonese government put into effect last month. But the protest went unheeded and the duty is being collected, for the Chinese, by the American and British managed customs service. Today, ships entering the port of Canton are inspected by the foreign controlled customs office, but the Chinese want to look over the cargoes themselves—not that they suspect anything, but they fear, perhaps, the American and British inspectors might pass by dutiable cargo or two.

Original Newspaper Page

The Indianapolis times. (Indianapolis [Ind.]), November 17, 1926 — front page Enlarge →

What Happened Next

Nanjing decade

Tariff restrictions imposed on China by foreign powers were largely lifted by 1930, and the rise in import duties increased revenue to the central government. The salt tax which previously was seized by local and provincial officials was brought back into Nationalist control.

Wikipedia →

Smoot–Hawley Tariff Act

The Tariff Act of 1930, also known as the Smoot–Hawley Tariff Act, was a protectionist trade measure signed into law in the United States by President Herbert Hoover on June 17, 1930. the act raised tariffs on over 20,000 imported goods in an effort to shield American industries from foreign competition during the onset of the Great Depression, which had started in October 1929.

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British Empire Economic Conference

The British Empire Economic Conference (also known as the Imperial Economic Conference or Ottawa Conference) was a 1932 conference of British colonies and dominions held to discuss the Great Depression. The meeting also worked to establish a zone of limited tariffs within the British Empire, but with high tariffs with the rest of the world.

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