Word: tariff
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Dates: during 1950-1959
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Speaking in Manhattan last week, Commerce Secretary Sinclair ("Sinny") Weeks, who seems to persist in casting himself as spokesman for the reactionary minority of business leaders, took a highly protectionist position on tariff policy.* What he said ran counter to the Administration's efforts to reduce trade barriers...
...teeth of such hopes, Weeks proposed last week that tariffs high enough to offset "differences in domestic and foreign labor costs" be fixed on manufactured goods in order to protect "the standard of living of American labor." Professional tariff lobbyists endorsed Weeks's idea. And Pennsylvania's high-tariff Republican Representative Richard M. Simpson said: "Those of us who believe in more protection rather than less take satisfaction in Secretary Weeks's speech, especially because he is a member of the Cabinet...
Dwight Eisenhower had hardly taken office ten months ago when he faced the first test of his "trade not aid" policy. On his desk was a recommendation from the Tariff Commission that he boost the import duty on low-priced brier pipes. Eisenhower, wanting more time and information, sent the recommendation back to the commission for further study. Last week he turned down the proposal...
While the President gave no hint that his action on pipes might be a key to overall Administration trade policy, low tariff advocates were encouraged...
Monsanto Chemical Co. has resigned from the National Association of Manufacturers because it thinks N.A.M.'s "present stand on free trade is detrimental to the chemical industry." Though N.A.M. directors take no official stand on tariff reductions, Monsanto objected to a recent speech in which President Charles R. Sligh Jr. said: "The U.S. should work at a long-term tariff policy that will encourage the foreign producer to ... compete intelligently in our markets over here." Said Monsanto Vice President Francis J. Curtis: "A complete removal of tariffs . . . would cripple Monsanto," since the company would be unable to compete with...