Word: tariff
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...privilege to go on one of these missions," Honneus said. "Many more are needed, because the real barrier to trade improvement is not tariff but lack of knowledge of markets. And only through these free and frank exchanges of information between friendly businessmen can this be overcome...
...scored a major victory last week in its fight for free trade. After five months of tariff negotiations, U.S. Deputy Under Secretary of State Herbert V. Prochnow and delegates from 21 other nations put their names to a new General Agreement on Tariffs and Trade in Geneva. The new tariffs agreement covers more than three-fourths of all world trade; total concessions will reach $2.5 billion yearly in reduced tariffs...
...barriers to trade. West Germany made a record number of deals with Scandinavian countries to exchange machinery for farm products. Japan, which has been blackballed by the British Commonwealth and other nations, was permitted for the first time to take part in the GATT negotiations. Europe's high-tariff small nations consented to unprecedented reductions; e.g., Italy cut tariffs about 12% on imports from Austria...
...case of tariff policy, agricultural policy, or tax policy, contrary-minded advice from various 'experts' is the order of the day, every day," he declared. Congress, however, after hearing only one side of the story, must pass defense legislation largely as "an act of faith," although the system of the separation of powers presumes a free flow of information into both the Legislative and Executive branches of the government, he added...
Eleven industries, employing in 1947 about 7% of Minnesota's industrial labor, would be hurt by tariff reduction, the committee decided. Only three of the smallest of these would suffer serious damage. Some of the state's leather glove and belt manufacturers would be hard hit by foreign competition, and imports of cheap foreign china could cripple the pro duction of pottery, one of the principal industries of Red Wing...