Word: tariff
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...Allow specified goods-mostly manufactured items-to move between member nations free of tariff...
...Have no common tariff against outsiders, thus allowing Britain, nearly half of whose trade is with other Commonwealth nations, to continue giving "imperial preference" to the agricultural products which make up nearly 90% of Commonwealth exports to Britain...
...Channel, the British were keenly aware that the Six offered the fastest-expanding major market in the world. (Since 1950, annual imports of the Six have increased from $11 billion to $19 billion.) The British were also aware that if they stayed out of the Common Market, the tariff wall thrown up by the Six (who now buy one-eighth of Britain's exports) might well exclude many British goods, and that, under these circumstances, commercial and eventually political domination of Western Europe would fall into the hands of Germany...
Voluntary Curbs. Some Southern states, irked by Government sales of cotton to Japan at 25% discount, pushed for restrictive state laws to check Japanese imports. The Tariff Commission urged presidential approval of a 100% hike in velveteen tariffs, the highest in 27 years; it began studying higher tariffs on Japanese gingham imports, now 48% of U.S. production...
Overturning the unanimous recommendation of the U.S. Tariff Commission, President Eisenhower last week rejected a plea by the New England fishing industry that he raise the tariff on groundfish fillets (i.e., boneless cuts stripped from pollock, cod, haddock, other bottom fish) and thus protect beleaguered U.S. ground fishermen against further imports (now 128 million Ibs. -annually, three times higher than in 1945), chiefly from Canada, Iceland and Norway. While fully aware of the domestic problem, explained the President, "I am ... reluctant to impose a barrier to our trade with friendly nations"-and especially with nations whose "economic strength...