Smith favored a strong central bank and high tariffs to protect American business and agriculture.
Wheat growers complained that the tariff did not protect them from massive imports of grain out of Manitoba.
In an effort to stimulate domestic demand and employment, governments erected high tariffs and other barriers to protect their domestic producers from imports.
Such a tariff would not protect the industry competing with the imported goods.
On the other side is the president's chief political adviser, Karl Rove, who advocates stiff tariffs to protect steelmaking jobs.
Whigs worried that the Democrats would abolish the tariffs protecting the weakened textile industry.
Individual members of Congress were under great pressure from industry lobbyists to raise tariffs to protect them from the negative effects of foreign imports.
If tariffs or import quotas help businesses and protect jobs in their states and districts, lawmakers generally support them, regardless of their international effect.
Protective tariffs sometimes protect what are known as infant industries that are in the phase of expansive growth.
He also thought that tariffs protected monopolistic companies from competition, thus augmenting their power.