Word: tariff
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Dates: during 1950-1959
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...American business are now trying their luck at the old protection game down in Washington. Then goal is to choke off imports of certain European goods that have found favor with the American public. The moves are made by lobbying for higher duties before the susceptible U. S. Tariff Commission. It's fun, profitable, and any number can play...
E.C.A. teams begged European businessmen to modernize their products and aim for the dollar area. But as soon as these manufactures began making the slightest headway in earning dollars, segments of American Free Enterprise made their opposition to free competition quite clear. In 1951 they won tariff increases on cheeses, milk products, and hat bodies. The U.S. was in the position of doling out money and goods with one hand, and slamming the trade door with the other so Europeans couldn't pay us back. Now the pressure is on for duty hikes on eight more commodities, from motorcycles...
Other allies have also voiced their concern over the revival of U.S. protectionist policies. London is worried about possible hikes in U.S. tariff rates on motorcycles, bicycles, chinaware, tobacco pipes and wood screws. The Netherlands is worried about the prospects of selling its Edam cheese; Denmark has similar fears for its exports of Blue cheese, which add up to only a minuscule percentage of U.S. consumption but could pay for one-third of the coal Denmark must import from the U.S. each year. Peru, encouraged by Point Four officials to develop tuna fishing, feels threatened by the demand...
...Under the Reciprocal Trade Agreements Act, as renewed and amended in 1951, the Tariff Commission must investigate all requests for higher duties. When the level of any import reaches a so-called "peril point" (i.e., threatens to hurt domestic producers), tariffs must be automatically raised...
Russia's business blandishments would be far less dangerous if the U.S.'s own shortsighted high tariff policy-which keeps more & more European industries from trade with the U.S.-were not helping to drive European business into Eastern arms (see NATIONAL AFFAIRS...