Word: quota
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Inevitably, such acts are building pressure in Congress for a change in the sugar quota system under which Cuba supplies one out of every three teaspoons of sugar used in the U.S., and at the premium price of about 5? per lb. v. 3? on the free market. This subsidy of $180 million a year to Cuba was once balanced by Cuba's preferential tariff rates. Now Cuba has raised tariff walls 30% to 100%, cutting back its imports from the U.S. by $156 million last year (to $390 million...
Even When It Hurts. Not content with these restrictions, Menderes has also seized control of newsprint supply, uses it to punish outspoken papers by reducing their quota. Similarly, he established a government agency to handle the placing of all newspaper ads. While private advertisers have successfully resisted strict government control over their ads, Menderes' men see to it that government advertising goes to his favorite publications. After the Ankara weekly Akis (Reflection) criticized a public official, its government ad quota dropped to zero...
...Hong Kong, the newly formed Hong Kong Garment Manufacturers (for the U.S.A.) Assoc., fearful of U.S. tariffs against their ever increasing garment exports, set up a voluntary three-year quota system for shipments of cotton goods to the U.S. (TIME, Dec. 14). With the blessing of the colony's government, the new restrictions limit 1960 exports to the U.S. to the 1959 figures plus a 15% increase; in each of the next two years, there would be an additional 10% increase...
Hong Kong's quota restrictions raised a furor in both the crown colony and the U.S. Many of the garment manufacturers are bitterly opposed to the restrictions set up by the Garment Manufacturers' Assoc., which, however, does include 85% of all the manufacturers exporting to the U.S. But, says one exporter realistically: "Put us out of work with high tariffs and you hand the colony to the Reds...
...garment manufacturers are not impressed by Hong Kong's voluntary quotas. "We're interested in U.S. control, not what Hong Kong tells us that they are going to ship," said one garment-industry official. The U.S. garment industry feels that other low-wage countries will follow Hong Kong's earlier example in sending quota-free cotton goods to the U.S., knocking the bottom out of many products of the U.S. textile industry. Thus, despite Hong Kong's restrictions, U.S. garment makers will continue to lobby for tighter legislative restrictions on garment imports into...