The Smoot-Hawley Tariff Act of 1930,like any tariff act,increased the price of the taxed imported goods as well as the domestic price of U.S.goods and services produced in the industries favored by the tariff.Consequently,any tariff negatively impacts U.S.consumers by forcing them to pay higher prices.

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This is true since the tariff increases the cost of imported goods and also leads to domestic industries raising their prices to match the increased cost of the imported goods. This ultimately results in higher prices for U.S. consumers.

The Smoot-Hawley Tariff Act of 1930,like Any Tariff Act,increased the Price