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...shears. The Tariff Commission had found that imports from Germany and Italy constituted "a definite threat of serious injury," and recommended doubling the present 42% tariff. President Eisenhower canceled the increase on the ground that no imminent threat was proved. Among the other cases: ¶Fishermen are aroused by groundfish fillet imports (largely from Norway, Canada and Iceland), up from 9,000,000 Ibs. in 1939 to 107 million last year. ¶ Lead and zinc producers complain of shutdowns and layoffs in U.S. mines because "a flood of imports has demoralized the domestic mining industry." ¶ Makers of woolen gloves...

Author: /time Magazine | Title: WORLD TRADE: Peril Points & Politics | 5/24/1954 | See Source »

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