Editing Walker tariff (section)

{{Short description|Historical United States tariff reduction}}
{{Use American English|date=January 2019}}
{{Use mdy dates|date=January 2019}}

The '''Walker Tariff''' was a set of [[tariff]] rates adopted by the United States in 1846. Enacted by the [[History of the Democratic Party (United States)|Democrats]], it made substantial cuts in the high rates of the "[[Tariff of 1842|Black Tariff]]" of 1842, enacted by the Whigs. It was based on a report by [[United States Secretary of the Treasury|Secretary of the Treasury]] [[Robert J. Walker]].

The Walker Tariff reduced tariff rates from 32% to 25%. Coinciding with Britain's repeal of the [[Corn Laws]], it led to an increase in trade and was one of the lowest tariffs in American history.