Word: protectionists
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...Administration's great good luck is that Congress now has no articulate and commanding protectionist zealot. But there will be abundant opposition from Congressmen whose home folks stand to feel an import pinch, and from armies of lobbyists from such industries as textiles, chemicals, glass and electronics...
Cleaned Out. In a protectionist Europe, where everybody from parsnip growers to paving-stone makers was sheltered by tariffs, businessmen almost to a man fought the Common Market right up to the moment it became fact, fearful that it would put their protected industries out of business. Monnet's answer was to bring the Market into existence gradually, reducing tariffs at easy stages to allow industries time to adjust to the new competition. It has worked surprisingly well. In Belgium, some inefficient coal mines have shut down. In France, whose industry was the most highly protected...
Commodity prices are not the only problem, says the bank. Major world importers of the hemisphere's commodities -the U.S. (lead, zinc, petroleum) and Western Europe (sugar, beef) in particular-are lending a more sympathetic ear to the protectionist pleas of their own producers, establishing quotas or tightening tariff barriers to favor agriculture and mining at home. The Latin Americans themselves further hamper things by placing restrictive measures on exports in the misguided notion that they are encouraging local processors and manufacturers. Brazil sometimes sets quotas on cotton and sugar exports; Uruguay imposes a 20% surtax on export wool...
Paradoxically, the attack on freer trade comes at a time when protectionist sentiment in the business community seems to be declining. Dun's Review, querying 260 corporation presidents, reported that nearly 60% of them firmly oppose tariffs. But protectionists wield increasing political influence. Southern Congressmen who used to be major advocates of free trade have become increasingly protectionist. The cause: the once agrarian South is now more interested in building a tariff shelter over its burgeoning industries than in finding overseas markets for its cotton...
...that a Canadian periodical press given to a narrow, bigoted nationalism would not be worth salvation." But in its proposals to end the "unfair" threat from the U.S. periodicals that comprise 75% of the magazines Canada reads, the Commission made recommendations that the Winnipeg Free Press described as "discriminatory, protectionist and narrowly nationalistic." Items...