Word: tariff
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...feebleness of the protectionist defense is all the more striking in view of protectionism's deep roots in U.S. history. The very first bill ever introduced in the House of Representatives was a tariff measure; while the essential purpose was to raise revenue, the preamble noted that an additional benefit would be "encouragement and protection of manufactures." Two years later, in his Report on Manufactures, Treasury Secretary Alexander Hamilton urged tariff increases to foster U.S. industries...
...1820s, protectionism became a flaming national issue, with Henry Clay advocating a tariff-walled "American System" and Daniel Webster speaking for freer trade. The debate produced some highly emotive rhetoric. New Jersey's Democratic Representative George Holcombe warned in a House speech that without protective tariffs the nation would see "your agriculture languishing, commerce declining, manufactures perishing, your-but, sir, I cannot, will not finish the picture. It is too utterly repulsive...
...protectionists succeeded in raising tariffs in 1824 and again in 1828's "Tariff of Abominations," as its enemies called it. But excessively high tariffs tend to choke off international trade and push up domestic prices, and the Tariff of Abominations stirred up impassioned opposition. South Carolina even enacted a Nullification Ordinance that declared the 1828 tariffs void within the state. The boomerang result of the 1828 Tariff Act was a freer-trade movement that prevailed in Congress from the early 1830s until the Civil War brought on a new surge of protectionism...
Fearful of even greater damage as the Common Market gets stronger, Moscow cries "discrimination" each time the Six lower tariffs for one another. To fight back, the Soviet Union recently began a dual tariff system of its own, with one set of high duties for nations that "discriminate," another, lower set for those that do not. What Russia urgently wants is concessions by the Six that will allow the Communist-bloc countries, even if their products are not competitive, to maintain their trade with Western Europe...
...absence of a currency revaluation Harris said he favored negotiating tariff parity with the major industrial nations and eliminating quotas among these countries. During the question period it was pointed out that this meant persuading other nations to lower their tariffs, since the U.S. rates are generally lower...