Word: benzenoid
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Dates: during 1967-1967
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...against 25% to 30% for the Common Market. In the second stage, both sets of tariffs, with a few exceptions, would drop at least to half their present level. This phase, however, will go into effect only if Congress repeals the controversial system by which duties on organic benzenoid chemicals-notably dyes, sulfa drugs, plastics and pesticides-are based on their American selling price, which results in tariffs as high as 172%. If Congress does so, the Common Market and Austria agreed to trim the carefully contrived taxes which help to keep large-horsepower U.S. autos out of Europe...
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