Word: exports
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Dates: during 1960-1969
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...Possible. There was audible opposition, of course. Oscar R. Strackbein, chairman of the Nation-Wide Committee on Import-Export Policy and for a decade Washington's No. 1 professional lobbyist for trade barriers, warned that the bill would give the Administration "power to push domestic industries onto the ash heap." Spokesmen for firms that make machine tools, watches, bicycles, pianos and other products complained that tariff cuts would injure their industries. But these warnings and complaints seemed no more fervent, and perhaps less persuasive, than at hearings on reciprocal trade renewal in past years...
...tariffs would open up the U.S. to a deluge of cheap-labor imports? Labor Secretary Arthur J. Goldberg testified that the "displacement" of U.S. workers as a result of tariff cuts would be "small" and would be "more than offset by the number of jobs generated by an expanding export trade." And for companies and workers injured by increased imports, there would be "adjustment assistance" loans and technical help for companies, relief payments for laid-off workers (up to 65% of the average weekly manufacturing wage for as long as 78 weeks...
action, it was certain to set back the fragile economy of Hong Kong, which is capitalism's showcase on the China coast and faces some harsh facts of life. It is crammed with 1,000,000 refugees from Red China, and it must export to survive...
...President Kennedy is pressing to increase the U.S. export surplus by slashing tariffs. His No. 1 legislative goal this year is passage of his trade expansion bill. Stumping for it last week. Treasury's Douglas Dillon argued that exports can be meaningfully expanded "only if through negotiations, we ensure that the doors to major foreign markets be opened wider for U.S. products...
Avoiding the Obvious. In his drive to alleviate the textile maker's troubles, President Kennedy has promised some sensible measures, including bigger depreciation allowances on textile machinery and a Government-aided research program. But by piling on trade barriers to offset export subsidies to offset price supports, the net effect of his textile program will surely be to remove the industry farther than ever from the conditions of free competition. As for the strong medicine that would help the most-ending the whole costly absurdity of cotton props- that is a remedy that no Administration has dared hint...