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August 1, 2025
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16h 19min, feb 1, 1932 y - Important Duties Bill

Description:

The Act introduced a general tariff of 10% on most imports, though some foodstuffs, raw materials, and some imports from the British Empire were exempted. Specifically, the Dominions, India and Southern Rhodesia were exempt from these tariffs until 15 November 1932, when the Imperial Economic Conference at Ottawa would have agreed on a system of Imperial Preference.

Added to timeline:

Date:

16h 19min, feb 1, 1932 y
Now
~ 93 years ago