THE TARIFF: Section 317

If the greatest of all wars is economic war, the greatest weapon of international warfare is the tariff. Section 317 of our present Tariff Act puts a new edge on the weapon by providing ready means of retaliation for high tariffs opposed by other countries against our products. But is the weapon too dangerous to use?

This is a question which Mr. Harding is now called upon to answer. Under Section 317, the President is authorized at his discretion to institute retaliatory rates on any commodity if any country is found to...

Want the full story?

Subscribe Now

Subscribe
Subscribe

Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on TIME.com

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!