Word: tariff
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Dates: during 1960-1969
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Carl J. Friedrich, professor of Government, called Kennedy's tariff-cutting requests "a major act of statesmanship," but said it is "anyone's guess" whether Congress will give him the authority he requested over tariff rates...
...tariff-reduction authority President Kennedy requested in his State of the Union message is receiving wide support among members of the Government and Economics Departments...
Arthur Smithies, Nathaniel Ropes Professor of Political Economy, added another reason for low tariffs, saying that the "development of African and Latin American countries is highly dependent upon low tariffs both in Western Europe and the United States." Agreements to lower import duties with the Common Market nations would soon extend to Africa and Latin America via "our most favored nation" tariff policy...
Haberler emphasized that Kennedy has a right to expect large concessions from the Common Market. The import duties of the Common Market are generally higher than the United States' tariff rates...
...Canada's present unsettled mood and its concern for its economic future. As a relatively underpopulated (18 million) young nation with vast natural resources, Canada must trade to grow, and Britain's prospective entry into the Common Market, perhaps bringing an end to its cozy Commonwealth tariff preferences, is a source of anxiety.How deep the anxiety goes was indicated last fall at the Commonwealth conference in Ghana, where a Canadian Cabinet minister bluntly warned the British that their Common Market entry "could weaken the Commonwealth to a point where it exists in name only...