Word: tariff
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Dates: during 1960-1969
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...mentioned the possibility of a conventional war in Europe as an example of the kind of unlikely, but not impossible, contingency which had to be considered. However, I concluded that the problematical role of tariff protection in the event of certain unlikely wars would in almost all cases be outbalanced by the tangible benefits of expanding American trade with the Common Market...
...wary Congress prepared to open hearings on John Kennedy's" broad new bill to expand U.S. trade abroad, the President tried shrewdly last week to unstarch the protectionists' arguments. He released the facts and figures of the final tariff-chopping deal under the expiring Reciprocal Trade Agreements Act to show that his Yankee traders did very well indeed...
...swap with 25 nations (mostly in Western Europe), the U.S. granted tariff cuts on imports that had a 1960 trade value of $2.9 billion, in return got tariff reductions on U.S. exports with a value of $4.3 billion. With Europe's six Common Market countries alone, the U.S. bargainers gained concessions on exports worth $1.6 billion in return for cuts on $1.2 billion worth of imports. "We've won a one-sided deal from the Common Market," said an Administration spokesman, "but we can't do it again. Next time we must be prepared to pay more...
Dining with a group of 20 seminar members last night at Adams House, Morton H. Halperin, research associate in the Center for International Affairs, stated that tariff reductions harming American industries may hurt U.S. war-preparedness...
...fighting tariff reduction that would increase foreign competition, many American industries--textiles, oil, steel--now claim that they are "defense" industries, vital to the war or recovery ability of the nation...