Word: tariff
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Harris had recently claimed that government tariff and tax exemption policies tended to injure industrially depressed areas, citing New England as an example...
...Geneva this week, representatives of 26 of the 35 nations adhering to GATT (General Agreement on Tariffs and Trade) were in the midst of their fourth attempt since the end of World War II to arrange, mutual tariff reductions. Despite lip service to freer trade, most of the GATT nations cling to their barriers. Undiscouraged, President Eisenhower last week forwarded to congressional leaders a memorandum declaring that it was "absolutely essential" that the U.S. join the Organization for Trade Cooperation. (The OTC, if it ever becomes a reality, will act as a permanent administrative body to enforce agreements...
Government tariff and tax exemption policies tend to injure industrially depressed areas, Seymore E. Harris, professor of Economics, said yesterday in testimony before Senator John Kennedy (D-Mass) and the Senate sub-committee on Labor and Public Welfare...
...current program's worst evils. Foremost among them is the drive to expand foreign markets for American commodities. Benson's recent trip abroad, taken to work out trade agreements, presaged an all-out effort to export surpluses. Any success in this, however, depends heavily upon Congress lowering tariffs, and only if the President pushes his announced program on tariff reduction will this part of the plan be feasible...
...government will give frank preference to European companies over the dug-in U.S. firms, which now number 13 of the 14 operators in Venezuela. The presumed reason: Venezuela has become fearful of its dependence on the U.S. market, always open to pressure from the well-oiled tariff bloc in Congress, and wants to get a cut of the European market as a hedge. Preference or no preference, huge Creole Petroleum Corp., a Standard Oil Co. (N.J.) affiliate, announced a $200 million expansion program, and prepared to bid for new concessions...