Word: tariff
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Dates: during 1950-1959
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...appropriation of $500.000 to study the whole question of foreign trade, George Gallup sent his polltakers out to see how the trade winds were blowing. This week, Pollster Gallup announced his conclusion: the people of the U.S., long considered protectionist-minded, are no longer holding up the tariff walls. Gallup's interviewers reported that of 64% who have opinions on the question, 30% want tariffs lowered. 21% want no change, and only 13% want higher levies...
...trade, not aid" program, the Administration sounded an encouraging note. The President last week sent back to the Tariff Commission for further study its recommendation to double the 32½% tariff on imported screen-printed silk scarves-a trade which last year provided $520,000 of dollar income for Italy, $213,000 for France, $117,000 for the United Kingdom...
...covering letter, President Eisenhower made it clear that he would grant no further tariff increases to any industry except in rare instances. Said he: "International conditions . . . demand our most earnest efforts to maintain friendly cooperation with other countries of the free world . . . Such cases . . . must be carefully reviewed together with all the possible international implications...
...also put his finger on some of the questionable tactics of tariff lobbying. In the case of silk scarves, the "domestic industry" wanted to boost the price of European imports. But Eisenhower had difficulty finding a "domestic industry." Part of it, he wrote, consisted of "U.S. entrepreneurs who buy the raw silk in Japan, pay there for the labor at piece rates for the printing and finishing, which is all done under their supervision and continued ownership," then export the goods to the U.S. and sell them. Another part consisted of U.S. finishers who do piece-rate work on scarves...
...While conservative business organizations and individuals plead for a liberalized trade policy and a devoted nation stands ready to back him to the hilt, Mr. Eisenhower bows to the noisy and parasitical high-tariff lobby. The commission which he would have Congress appoint for a year's review of tariff policy could arrive at basic and practicable conclusions after a conference with any schoolboy who has studied elementary economics. Europe is crying for prompt removal of American tariff barriers so that, by earning dollars, she might ease out of the American-aid strait jacket...