Word: tariff
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Dates: during 1960-1969
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...onerous, then give it up. The State Department reminded Cuba that her sugar growers "have the same status as U.S. producers." By selling to the U.S. instead of on the world market, Cuba last year got, in effect, a subsidy of "more than $150 million." In addition, a preferential tariff, 20% lower for Cuba than for sugar from other countries, gave Cuban exporters another bonus of almost $8,000,000. Said State: "It would be logical to conclude from Major Guevara's remarks that he considers that such 'enslavement' would end were we to abandon our preferential...
...textile industry last week laid before the Tariff Commission a country-by-country quota-protection program to offset the flood of foreign cotton imports. Bruised by competition from abroad, domestic cotton manufacturers recommended that each foreign country be limited to the volume of its 1955 cotton exports to the U.S. Otherwise, U.S. textile producers will be placed in the position where they will have to establish overseas plants to take advantage of less expensive foreign manufacturing facilities...
...Department's farm price supports, which encourage farmers to grow so much cotton that the huge surplus must be dumped on the world market. Last week the Department of Agriculture, which by law must make the U.S. cotton surplus available to world markets at competitive prices, asked the Tariff Commission for an 8? per lb. duty on cotton imports. Such a tariff would make up the gap between the low cost of raw cotton on the world market and the Government-supported prices that domestic mills must...
...American business." Even though the traditional spread between U.S. exports and imports has narrowed dangerously, comparatively few businessmen have stepped up foreign selling efforts. The lag is not for any lack of opportunity. In recent years the U.S. has made great strides in persuading foreign nations to lower tariff barriers. Yet the Commerce Department reported that only 10,000 firms out of the 4,600,000 in the U.S. have any interest in exporting. Many companies, added Commerce, do not answer repeated letters of inquiry from prospective foreign customers...
...under which Cuba supplies one out of every three teaspoons of sugar used in the U.S., and at the premium price of about 5? per lb. v. 3? on the free market. This subsidy of $180 million a year to Cuba was once balanced by Cuba's preferential tariff rates. Now Cuba has raised tariff walls 30% to 100%, cutting back its imports from the U.S. by $156 million last year (to $390 million...