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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.
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.
The Hawaiian sugar strike of 1946 was one of the most expensive strikes in history. This strike involved almost all of the plantations in Hawaii, creating a cost of over $15 million in crop and production. This strike would become one of the leading causes for social change throughout the territory.
In a wide-ranging news conference at Mar-a-Lago — his second since winning the 2024 election — he also said he could use “economic force” to turn Canada into the United States’ 51st state.
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 ...
A trade agreement between the European Union and Mercosur countries, which includes a significant section on agriculture, has triggered protests from EU farmers who argue farm imports from South ...
A Florida-based surgeon who mistakenly removed a man’s liver also had a female patient previously die after a last-minute procedure change, according to a new complaint leveled against him.