Word: tariff
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...Georgia Democrat Walter George has been a low-tariff man since the null He still is-with some reservations. He will, he says, support the Eisenhower measure, but he adds: "It may be that I will vote for sortie clarifying amendments." What is George worried about? Says he quietly: "My textile people are very much disturbed...
...does not expect (or want) its Senators to be Solomons, and the problem posed by the foreign-trade bill demands not legendary wisdom but simple legislative responsibility. Before the Finance Committee hearings were well under way, more than 100 amendments had been introduced, nearly all of them tossing a tariff sop to localized industries with little regard for the common good...
When President Eisenhower approved a boost of up to 50% in tariffs on Swiss watches last summer, he gave a reason that even the most ardent low-tariff men found hard to attack. The Office of Defense Mobilization, said Ike, had found from an interdepartmental report that "preservation of the unique skills of this industry [in the U.S.] is essential to the national security." Last week, after months of prodding by U.S. watch importers, the Defense Department released a report of its own that took a position quite different from that...
...sooner was the report released than importers demanded that ODM reverse its original recommendation. Cried Maryland's Democratic Representative Richard E. Lankford: the President's tariff action last summer was based on "a gigantic hoax, a deception perpetrated by those persons inside and outside the Government who are interested in fostering a protectionist policy...
...Congressional clamor rises, industries well beyond the pale of national defense have capitalized on the furor. Bicycle manufacturers, for example, have hoped that the President would raise their tariff protection to silence their lobby against the foreign trade bill. It would be unfortunate if the President bowed to these requests in an attempt to save his entire Foreign Trade Program. By following the Tariff Commission recommendation for boosted bicycle rates, the President would set a precedent that might reinforce his opposition. Other non-defense manufactures would cite the bicycle tariff as a basis for universally higher tariff rates...