McKinley Tariff

The McKinley Tariff was a law enacted in 1890 that increased taxes on imported goods to protect American manufacturers from foreign competition. By making imported products more expensive, it aimed to encourage consumers to buy domestically made products, supporting U.S. industries and jobs. However, higher tariffs also raised prices for consumers and led to retaliatory tariffs from other countries, impacting global trade. The law was part of a broader debate about trade policy and economic protectionism during that era.