Word: freer
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Dates: during 1950-1959
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...Trade Agreements Extension Act, U.S. industries that feel themselves injured or threatened by increased foreign imports may appeal for relief through higher tariffs. With a single exception (alsike-clover seed from Canada), President Eisenhower has consistently rejected such appeals in favor of the nation's overriding interest in freer trade...
...President insisted the decision did not mean he had abandoned his goal of lower international tariff barriers. But his action, coming after this year's abandonment by the White House of the freer-trade program in the Randall Commission report, was sure to be taken as a further signal that the U.S. Government has no serious intention of pushing for freer trade...
...spot in the Eisenhower legislative program is the Administration's proposal for a short, one-year extension of the reciprocal-trade act. A year ago the White House settled for a one-year extension on the excuse that it needed time for more study of the problems of freer trade. Last fall the Randall Commission on Foreign Economic Policy began studying, came up with a program that President Eisenhower called a "minimum." It included a modest recommendation for a three-year extension of the reciprocal-trade act. Now, faced with opposition from the G.O.P. high-tariff bloc in Congress...
...reason for this swift trend is the success of the European Payments Union, set up to stabilize European currencies and encourage freer exchange. Another reason is the strength and stability of British sterling, the exchange used in 40% of the world's foreign trade. As sterling has become stabilized, so has Britain prospered...
...filtered through the cloakrooms that his explanation did not cover the situation completely. In the hands of Reed's powerful committee were two bills that the Administration was for and Dan Reed was against. One was the social-security bill; the other was the Randall Commission's freer-trade bill. With the congressional season growing late, Dan Reed and the White House made an old-fashioned horse trade: Reed would move the social-security bill out of his committee; the Administration would ease up, for the present, on its trade bill demands. With that it was clear that...