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The Molasses Act 1733 was an Act of the Parliament of Great Britain (6 Geo. 2. c. 13) that imposed a tax of six pence per gallon on imports of molasses from non-British colonies. Parliament created the act largely at the insistence of large plantation owners in the British West Indies.
The Molasses Act of 1733 imposed a fee of six pence per gallon on foreign molasses. [5] This act was meant to force the colonies into buying molasses from the British or stop producing rum in North America. Many, however, say that the Molasses Act was put in place to destroy New England’s rum industry.
Beginning in 1917 with the Trading with the Enemy Act of 1917, the president can impose any tariff while the nation is at war. The affected trade does not have to be connected to the ongoing war. Since 1974, the Trade Act of 1974 allows the president to impose a 15% tariff for 150 days if there is "an adverse impact on national security from ...
President-elect Donald Trump recently announced a plan to impose 25% tariffs on imports from Canada and Mexico and an additional 10% on Chinese goods as leverage to stem illegal immigration and ...
Donald Trump won the election three weeks ago, but his campaign has not signed the paperwork to formally begin the transition of power from President Joe Biden’s administration, according to the ...
President's Council on Sports, Fitness, and Nutrition [ab] February 26, 2018 March 2, 2018 83 FR 8923 2018-04414 [156] [157] 61 13825: 2018 Amendments to the Manual for Courts-Martial, United States March 1, 2018 March 8, 2018 83 FR 9889 2018-04860 [158] [159] 62 13826: Federal Interagency Council on Crime Prevention and Improving Reentry March ...
Donald Trump and his billionaire backer, Elon Musk, threw Congress' plans to get home for the holidays into chaos over a government funding bill.
The Molasses Act imposed taxes on colonial imports of the syrup. In June 1767, the Parliament passed the Townshend Revenue Act, which established new duties on goods such as salt, glass, paper, tea, coal, oil, and lead. The revenues generated from these duties were intended to pay the salaries of colonial governors, judges, and troops.