Word: tariff
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Dates: during 1960-1969
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...Import-Export Policy and for a decade Washington's No. 1 professional lobbyist for trade barriers, warned that the bill would give the Administration "power to push domestic industries onto the ash heap." Spokesmen for firms that make machine tools, watches, bicycles, pianos and other products complained that tariff cuts would injure their industries. But these warnings and complaints seemed no more fervent, and perhaps less persuasive, than at hearings on reciprocal trade renewal in past years...
Last week Kennedy did more warding off by proclaiming steep increases in tariffs on some kinds of carpets and glass. The increases had been recommended by the Tariff Commission, but the President was under no legal obligation to put them into effect. By doing so, he stirred predictable resentment in Europe and Japan, and cast doubt upon the sincerity of his own trade bill-but he also helped to win the votes of Congressmen with carpet or glassmaking plants in their districts...
...essentially a response to the great opportunity and the great challenge of the European Common Market. Said Secretary Hodges:"We need-we must have-a trade policy that will assure us access to this booming market." But as the Common Market moves toward its goal of abolishing tariffs between member nations and erecting a common external tariff wall, the U.S. could find its exports largely shut out. That is where the trade bill comes in. Its essential purpose, explained Treasury Secretary Douglas Dillon, is to enable the U.S. to "bargain down the outside tariff wall of the Common Market...
What of the widespread fears that deep cuts in U.S. tariffs would open up the U.S. to a deluge of cheap-labor imports? Labor Secretary Arthur J. Goldberg testified that the "displacement" of U.S. workers as a result of tariff cuts would be "small" and would be "more than offset by the number of jobs generated by an expanding export trade." And for companies and workers injured by increased imports, there would be "adjustment assistance" loans and technical help for companies, relief payments for laid-off workers (up to 65% of the average weekly manufacturing wage for as long...
...same time that President Kennedy's lieutenants were pleading with Congress to enact the tariff-slashing trade-expansion bill (see THE NATION), his Administration put what amounted to an embargo on many kinds of textile imports from Hong Kong. The two moves seemed contradictory, but they were closely related. Politicking for his trade bill. President Kennedy has been wooing Southern protectionists in Congress, hopes to win their votes by making concessions to their cherished domestic textile industry...