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

In: Proceedings of the 2023 5th International Conference on Economic Management and Cultural Industry (ICEMCI 2023)

Author

Listed:
  • 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)

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.

Suggested Citation

  • Jianbo Zhou & Shuhai Zhang & Haochen Liu & Fangs Hou, 2024. "A Comparative Study of Tariff Policy Reforms in China and the United States in the 1920s and 1930s," Advances in Economics, Business and Management Research, in: Feng-xia Cao & Satya Narayan Singh & Ahmad Jusoh & Deepanjali Mishra (ed.), Proceedings of the 2023 5th International Conference on Economic Management and Cultural Industry (ICEMCI 2023), pages 13-23, Springer.
    • Handle: RePEc:spr:advbcp:978-94-6463-368-9_3
    DOI: 10.2991/978-94-6463-368-9_3
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