Word: groundfish
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Dates: during 1954-1954
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Eisenhower, who has until July 27 to make a decision, last week gave a clue to his intentions. He overruled a Tariff Commission recommendation that he raise the tariff and set quotas on groundfish fillets (cod, flounder, etc.), now being used in the fast-growing new product, fish sticks (TIME, May 17). Said Eisenhower: higher tariffs and quotas "would hamper and limit the development of the market." But if Ike overrules the commission on watches, the Administration may decide to give the watchmakers more defense orders to make up for their lost watch business...
...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...