A Comparative Study of Tariff Policy Reforms in China and the United States in the 1920s and 1930s

Jianbo Zhou (), Shuhai Zhang (), Haochen Liu and Fangs Hou
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Jianbo Zhou: Beijing University, School of Economics
Shuhai Zhang: International Education, Beijing No.8 High School
Haochen Liu: International Education, Beijing No.8 High School
Fangs Hou: International Education, Beijing No.8 High School

A chapter in Proceedings of the 2023 5th International Conference on Economic Management and Cultural Industry (ICEMCI 2023), 2024, pp 13-23 from Springer

Abstract: Abstract This paper focuses on the comparative study of tariff policy reforms in China and the United States in the 1920s to 1930s. By analyzing tariff policy reforms in China and the U.S., this paper makes a comparative analysis from the targets of the reforms and the effects on the two countries. Comparative study of the paper shows that although being at completely different levels of economic development, China and the United States at that time both made tariff policy reforms which share some similarities in the objectives, but their emphases differ. The conclusion of this paper is that the tariff policy is a double-edged sword and when adopting the tariff policy, governments need to follow international trade rules and define trade boundaries, avoid being affected by short-term political thoughts.

Keywords: tariff policy; tariff autonomy; the National Government in Nanjing; high tariff policies of the Hoover Administration; the Great Depression; free trade policies of the Roosevelt Administration (search for similar items in EconPapers)
Date: 2024
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Persistent link: https://EconPapers.repec.org/RePEc:spr:advbcp:978-94-6463-368-9_3

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DOI: 10.2991/978-94-6463-368-9_3

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