Commemorating the 95th anniversary of the enactment of the Tariff Act of 1930.

observes the 95th anniversary of the enactment of the Tariff Act of 1930 (commonly known as the “Smoot-Hawley Tariff Act of 1930”) as a moment of historical reflection on the consequences of protectionist economic policies;

views the Tariff Act of 1930 as a significant contributor to the Great Depression;

affirms the importance of rules-based trade policy that reduces production costs for farmers, manufacturers, and construction firms in the United States, strengthens international economic cooperation, helps provide consumers in the United States with a larger variety of affordable goods, and opens up vast foreign markets to exports from the United States; and

commits to encouraging trade and economic policies that encourage economic growth and avoid the repetition of historic policy mistakes.