Word: tariff
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Dates: during 1950-1959
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...foolish lengths to which high-tariff advocates will go to protect home industry were demonstrated last week in a case involving imported violins. The Tariff Commission sent President Eisenhower a recommendation to treble the tariff on instruments valued by the foreign manufacturer at $25 or less. The proposed new rate: 52 ½ % ad valorem and $1.87 ½ each v. the current 17 ½ % plus 62 ½ each. Fiddle-faddle, said the President, vetoing the boost. He noted that violins and violas of this type are made by only one U.S. manufacturer, Jackson-Guldan of Columbus, Ohio, which employs 30 production...
Within 15 years or so, under the first treaty, there will be no tariff walls between the six nations, and a common tariff rate will be set up between them and the rest of the world (TIME, Jan. 28); under the second treaty the six will enter the nuclear age together in one big cooperative (Euratom) of nuclear research and production...
Federal activities, both in foreign and domestic affairs, were cited as harmful to manufacturers. Excessive tariff concessions on woolens and worsteds, made at Geneva in 1948, were a factor in the 50 per cent decline of this segment of the industry. A partial compensation for this policy is an agreement with Japan to put a voluntary quota on cotton exports. "Our position," Harris stated, "was that the burden ... of solving the Japanese problems should not be put excessively on cotton textiles...
...proposal would not be permitted to delay "even for a single day" establishment of the six-nation* Common Market, which will constitute a tightly knit "little Europe'' within the larger Free Trade Area. The difference between the two is that Britain, for example, agrees to reduce its tariff barriers with the Six at the same rate as the Six reduce them with one another, but Britain would retain control over its own tariffs in trade with other nations. If all goes as planned, the Six should be ready to sign the Common Market Treaty in March...
Whenever men get together to build a united Europe, they must first reckon with that great spoiler of dreams, the French National Assembly. Last week the Assembly debated the bold plan for a Common Market (TIME, Jan. 28) that would give six Western European nations a tariff-free trading area nearly as big as the U.S. Premier Guy Mollet, so optimis tic at first, was shaken and depressed. Former Premier Pierre Mendès-France, playing shrewdly on France's century-old fear of German domination, had belabored the proposal in language and innuendo all but identical to that...