Exact(1)
Their standard-bearer in 1828, Andrew Jackson, favored tariffs and "internal improvements" like roads and canals, the big-government programs of the day.
Similar(7)
Others favor tariffs.
The second robustness exercise uses the average most favored nation tariff to instrument the average effective tariff.
Eligible nations were granted so-called most favored nation status, which allowed them to do business in the United States under favorable tariff rates and investment rules.
Although data for this exercise are more limited (most favored nation tariff information is scarcer), this check is done to tackle the possibility of causality between future expected manufacturing performance and present tariff rates as a policy response.
Most favored nation tariff refers to "what countries promise to impose on imports from other members of the WTO, unless the country is part of a preferential trade agreement (such as a free trade area or customs union).
The feed-in tariff has been the favored policy in the European Union, for example.
From 1980 to 1999, the US restored most favored nation (MFN) status to China, offering low tariffs to Chinese exports to the US.
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