Word: tariff
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Dates: during 2000-2009
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...region's fastest-growing cities is Kayseri, formerly Caesaria, founded more than 3,000 years ago. Today, it still has the appearance of an old Asian trading town. But a tariff agreement signed ten years ago between Turkey and the E.U. gave a massive boost to the city's textile, furniture and electronic supply industries, with 400 new factories having been built in the past five years alone. And the expansion of exports to Europe and the U.S. has improved local quality control and raised labor and industrial standards in the region. Signs of prosperity are everywhere as the city...
...involve himself. He had left the White House in 1909 with the expectation that Taft, his good friend and chosen successor, would continue on the progressive course set by the Roosevelt Administration. Instead, Taft had filled his Cabinet with corporate lawyers, bungled a chance to overhaul an antiquated tariff that enriched manufacturers at consumers' expense and undermined Roosevelt's farsighted environmentalism. Taft means well, Roosevelt would say, "but he means well feebly...
...urgent questions of the day were economic: how best to regulate the economy and what to do about a tariff policy that kept consumer prices artificially high by protecting American companies from foreign competition. The tariff had been created decades earlier to raise revenue (income tax being a thing of the future) and to nurture a stripling American manufacturing establishment. As the manufacturers prospered, they convinced their captives in Congress that ever thicker blankets of protection were needed to preserve American jobs. Wilson, calling the tariff "stiff and stupid," promised an immediate revision. Roosevelt, arguing that a speedy change would...
...find ways to “level the playing field.” Among the efforts are those which attempt to exact revenge via economic weapons—most recently, for instance, Senators Lindsey O. Graham and Charles E. Schumer ’71 proposed a 27.5 percent tariff on all Chinese imports until the Dollar-Yuan exchange rate adjusts and American products become more competitive. Though our $202 billion trade deficit with China is unsustainable and must be dealt with, the lessons of Ec10 must be heeded. Although trade barriers may boost domestic industry and lower the unemployment rate...
...understanding on both sides. This defining feature of the relationship was clearly in evidence in late March when U.S. Senators Charles Schumer, Lindsey Graham and Tom Coburn visited Beijing. Schumer and Graham are co-sponsoring a bill - now delayed until the fall - that threatens to slap a 27.5% tariff on Chinese imports to the U.S. unless Beijing allows the Chinese currency to rise sharply, a move the senators believe would help cut America's trade deficit. Chinese businessman Liu Weiping attended a talk given by the senators to a group of students that included members of his executive M.B.A. class...