What were the result of McKinley tariff?

The McKinley Tariff raised the average tariff rate from 38.5% to 48.9%, which led to higher prices for consumers. This was especially true for goods that were imported from countries that did not have reciprocal trade agreements with the United States.

2. Decrease in imports

The higher tariffs also led to a decrease in imports, as foreign goods became more expensive relative to domestic goods. This had a negative impact on American businesses that relied on imported goods, as well as on consumers who were used to having access to a wide variety of foreign goods.

3. Increase in domestic production

The McKinley Tariff helped to protect American businesses from foreign competition, which led to an increase in domestic production. This was especially true in industries that were heavily protected by the tariff, such as the steel and iron industries.

4. Increase in government revenue

The McKinley Tariff also led to an increase in government revenue, as the government collected more taxes on imports. This revenue helped to fund the Spanish-American War and other government programs.

5. Trade war with Europe

The McKinley Tariff also led to a trade war with Europe, as European countries retaliated against the United States' high tariffs by raising their own tariffs on American goods. This trade war had a negative impact on both American and European economies.