Word: periled
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Dates: during 1950-1959
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...betting is that, in line with his trade message of March 30, the President, regardless of political peril, will reject restrictions in the peril-point cases...
Scissors & Shears. A dozen U.S. industries have complained of imports reaching the "peril point" (at which they are theoretically injured or threatened), and have applied for relief through higher tariffs. Two weeks ago, the Tariff Commission sent its recommendations to the White House on two such cases-one involving fish fillets, the other scissors and shears. Recommendations on the other ten cases are due soon...
...such cases the President faces a peril point of his own. He must decide between the interests of industries that seek protection and the nation's overriding interest in freer trade. In this election year some voters are likely to blame local unemployment on foreign imports...
Political Peril. The President's decision on one current tariff case-the $58 million annual trade in Swiss watches and movements-will directly affect one Republican Senator up for reelection, Massachusetts' Leverett Saltonstall, who has several watchmaking companies in his state. The Swiss make17-jewel movements for around $4, less than half the U.S. production costs, and outsell American makers nearly 4 to 1 (8,600,000 to 2,300,000 annually...
...President Truman turned down higher tariffs on Swiss watch imports, but Elgin, Hamilton and Waltham have again demanded peril-point protection...