Word: tariff
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Dates: during 1950-1959
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...year history (the others: South Carolina's John L. McLaurin and Benjamin ("Pitchfork Ben") Tillman, 1902; Wisconsin's Senator Joe McCarthy, 1954). In 1929 he brought (as his aide) a Connecticut manufacturers' lobbyist into a closed session of the Senate Finance Committee which was considering a tariff bill of special interest to manufacturers. But politics was never his true province. An irrepressible adventurer, Honolulu-born Hiram Bingham led the first ascent of the Andes' Coropuna (21.700 ft.), discovered the famed Andean ruins of Machu Picchu. "Senators," he once said, "I understand not at all. I understand...
...privilege to go on one of these missions," Honneus said. "Many more are needed, because the real barrier to trade improvement is not tariff but lack of knowledge of markets. And only through these free and frank exchanges of information between friendly businessmen can this be overcome...
...scored a major victory last week in its fight for free trade. After five months of tariff negotiations, U.S. Deputy Under Secretary of State Herbert V. Prochnow and delegates from 21 other nations put their names to a new General Agreement on Tariffs and Trade in Geneva. The new tariffs agreement covers more than three-fourths of all world trade; total concessions will reach $2.5 billion yearly in reduced tariffs...
...barriers to trade. West Germany made a record number of deals with Scandinavian countries to exchange machinery for farm products. Japan, which has been blackballed by the British Commonwealth and other nations, was permitted for the first time to take part in the GATT negotiations. Europe's high-tariff small nations consented to unprecedented reductions; e.g., Italy cut tariffs about 12% on imports from Austria...
...case of tariff policy, agricultural policy, or tax policy, contrary-minded advice from various 'experts' is the order of the day, every day," he declared. Congress, however, after hearing only one side of the story, must pass defense legislation largely as "an act of faith," although the system of the separation of powers presumes a free flow of information into both the Legislative and Executive branches of the government, he added...