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In Hawaii, the government became concerned that the subsequent United States Tariff Act of March 3, 1883, which lowered sugar tariffs imposed on product imported from all nations, had left them at a disadvantage. Article IV of the reciprocity treaty prevented Hawaii from making reciprocity treaties with other nations.
The industry was tightly controlled by descendants of missionary families and other businessmen, concentrated in corporations known in Hawaiʻi as the "Big Five". [2] These included Castle & Cooke, Alexander & Baldwin, C. Brewer & Co., H. Hackfeld & Co. (later named American Factors (now Amfac)) and Theo H. Davies & Co., [11] which together eventually gained control over other aspects of the ...
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A swath of foods will be impacted if the U.S. places sweeping tariffs on major trading partners in an effort to curb the flow of drugs and illegal immigrants into the country, according to experts ...
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In 1890, the United States enacted the McKinley Tariff; the new law sharply raised the country's import tariffs, ending the Hawaiian sugar industry's dominance in the North American market and depressing prices, pushing Hawaii into turmoil. [2] [3]
U.S. tariffs on sugar meant a heavy drop in Hawaiian exports. The 20% to 42% tariffs between 1850 and 1870 meant the profit margin for sugar was greatly decreased for sugarcane plantations. However, the 1876 reciprocity treaty between the United States and Hawaii led to free-duty trade between the two.
During the 1850s, the U.S. import tariff on sugar from Hawaii was much higher than the tariffs Hawaiians were charging the U.S. Kamehameha III sought reciprocity. [144] The monarch wished to lower U.S. tariffs and make Hawaiian sugar competitive with other foreign suppliers.