Brazil Hikes Car Duties by 30 Percentage Points
http://abcnews.go.com/Business/wireStory/brazil-hikes-car-duties-30-percentage-points-14539891
1930's here we come !!
Smoot–Hawley Tariff Act
http://en.wikipedia.org/wiki/Smoot–Hawley_Tariff_Act
Quote:
The Tariff Act of 1930, otherwise known as the Smoot–Hawley Tariff (P.L. 71-361)
Quote:
[1] was an act, sponsored by United States Senator Reed Smoot and Representative Willis C. Hawley, and signed into law on June 17, 1930, that raised U.S. tariffs on over 20,000 imported goods to record levels.[2]
