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- Customs_war abstract "A Customs war, also known as a toll war or tariff war, is a type of economical conflict between two or more states. In order to pressure one of the states, the other raises taxes or tariffs for some of the products of that state. As a reprisal, the latter state may also increase the tariffs.One example of a modern tariff war occurred in the 1920s and 1930s between the Weimar Republic and Poland, in the German–Polish customs war. The Weimar Republic, led by Gustav Stresemann wanted to force Poland, by creating an economic crisis by increasing the tolls for coal and steel products developed there, to give up its territory. As a reprisal, the Poles increased toll rates for many German products. This led to fast development of the port of Gdynia, which was the only way Poland could export its goods to Western Europe without having to transport them through Germany.In September 1922 the Fordney-McCumber Tariff (named after Joseph Fordney, chair of the House Ways and Means Committee, and Porter McCumber, chair of the Senate Finance Committee) was signed by President Warren Harding. In the end, the tariff law raised the average American ad valorem tariff rate to 38 percent.Trading partners complained immediately. Those injured by World War I said that, without access by their exports to the American market, they would not be able to make payments to America on war loans. But others saw that this tariff increase would have broader deleterious effects. Democratic Representative Cordell Hull said, "Our foreign markets depend both on the efficiency of our production and the tariffs of countries in which we would sell. Our own [high] tariffs are an important factor in each. They injure the former and invite the latter."Five years after the passage of the tariff, American trading partners had raised their own tariffs by a significant degree. France raised its tariffs on automobiles from 45% to 100%, Spain raised tariffs on American goods by 40%, and Germany and Italy raised tariffs on wheat. This customs war is often cited as one of the main causes of the Great Depression.To avoid customs wars which are considered harmful to the world's economy, the World Trade Organization was created.".
- Customs_war wikiPageExternalLink article-9396766.
- Customs_war wikiPageID "3133634".
- Customs_war wikiPageRevisionID "595863751".
- Customs_war hasPhotoCollection Customs_war.
- Customs_war subject Category:Customs_duties.
- Customs_war subject Category:International_economics.
- Customs_war subject Category:Trade_wars.
- Customs_war type Abstraction100002137.
- Customs_war type Act100030358.
- Customs_war type Charge113400798.
- Customs_war type Customs113317002.
- Customs_war type CustomsDuties.
- Customs_war type Duty113315999.
- Customs_war type Event100029378.
- Customs_war type GroupAction101080366.
- Customs_war type IndirectTax113313899.
- Customs_war type Levy113308864.
- Customs_war type Liabilities113396054.
- Customs_war type MilitaryAction100952963.
- Customs_war type Possession100032613.
- Customs_war type PsychologicalFeature100023100.
- Customs_war type Relation100031921.
- Customs_war type Tax113308999.
- Customs_war type TradeWars.
- Customs_war type War100973077.
- Customs_war type YagoPermanentlyLocatedEntity.
- Customs_war comment "A Customs war, also known as a toll war or tariff war, is a type of economical conflict between two or more states. In order to pressure one of the states, the other raises taxes or tariffs for some of the products of that state. As a reprisal, the latter state may also increase the tariffs.One example of a modern tariff war occurred in the 1920s and 1930s between the Weimar Republic and Poland, in the German–Polish customs war.".
- Customs_war label "Customs war".
- Customs_war label "Wojna celna".
- Customs_war sameAs Wojna_celna.
- Customs_war sameAs m.08tljv.
- Customs_war sameAs Q5196523.
- Customs_war sameAs Q5196523.
- Customs_war sameAs Customs_war.
- Customs_war wasDerivedFrom Customs_war?oldid=595863751.
- Customs_war isPrimaryTopicOf Customs_war.