Word: tariff
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Dates: during 1950-1959
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Randall condemned "American business [which] cannot operate without a high protective tariff. You cannot benefit one segment of the American people by a high protective tariff unless some other segment pays for it. You can restrict the flow of Venezuelan oil to the United States. When you do that, you make all of New England take a higher power cost because its fuel will cost more. The ultimate payoff is with the consumer...
...Administration upped the tariff on Swiss watches...
...tariff on imported bicycles was raised...
...decision to raise tariffs on bicycles, the President paid tribute to the skill of foreign manufacturers, mostly British, who make lightweight bicycles that outperform heavier U.S. varieties. If U.S. bicyclemakers would follow the foreign example, said the President, U.S. industry would benefit. Nevertheless, he penalized the foreign manufacturers with a 50% tariff increase...
...BICYCLE TARIFFS are going up 50% to protect U.S. manufacturers from foreign competition. With imported bikes grabbing off nearly 40% of the U.S. market, President Eisenhower last week jacked up tariff rates from 7½ to 11¼% on popular, lightweight, large-wheel models, as high as 22½% on other foreign-made bikes. Estimated increase in retail prices to U.S. cyclists: up to $5 a bike. Increase in U.S.-made bike prices: none...