FTP, identify this government economic policy that includes ones named for Payne-Aldrich and Smoot-Hawley, that tax imported goods.  
A formula to regulate them and minimize their range was proposed at the Tokyo Round Negotiations and is known as the Swiss formula.  This is similar to a method meant to lower them, known as the Uruguay Round Approach. Deadweight loss often occurs in small nations when these are enacted, which typically come in ad valorem and specific types. The Morrill one was enacted in 1861 while one passed during Herbert Hoover's presidency led to "beggar thy neighbor" policies and would exacerbate the effects of the Great Depression. FTP, identify this government economic policy that includes ones named for Payne-Aldrich and Smoot-Hawley, that tax imported goods.  
A formula to regulate them and minimize their range was proposed at the Tokyo Round Negotiations and is known as the Swiss formula.  
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