Word: tariff
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...realized these principles in concrete actions of international business. The failure in practice has been especially severe. Looked at from inside, the U.S. economy clearly expresses the lessons of private initiative and free competitive markets. Looked at from outside, the U.S. presents a contrary and dangerously misleading example, e.g., tariff walls, governmental-as distinguished from private-exports. The U.S. tariff walls and quotas on farm products seem to teach economic restriction; the U.S. aid programs seem to teach socialized international business. These are precisely what the U.S. does not stand for, precisely the opposite of what...
...with the spiteful, unfair criticisms that he had encountered during his two-year hitch in Canada. Canadians were forever complaining to Vice-Consul Tinker about U.S. immigration laws, completely overlooking Canada's equally strict screening of aliens. Canadian newspapers railed about the 7% U.S. tariff on Canadian lead, but never mentioned the 25% Canadian duty on U.S. cars. Tinker once heard a Canadian M.P. solemnly talk to a dinner audience about "trigger-happy" U.S. diplomats...
...hunger, disease and ignorance. We must combat Communism by raising the standard of living of these people, and this means that these countries must be industrialized. Industrialization depends upon capital, technical assistance, and trade. In other words, American capital must be invested, technical assistance must be given, and our tariff rates must be lowered...
FREER TRADE POLICY has been upheld again by President Eisenhower. Overriding recommendations of the Tariff Commission, the President rejected any boost in import duties of screen-printed silk scarves mostly from Japan, has also turned down, a request for import quotas on wood screws from Western Europe. The presidential box score, thus far: eleven nays, eight yeas on requests for higher import barriers...
...occasion (TIME, Nov. 29), the new regulations officially set a new differential of less than 10%. Under the new order, a domestic bid can be thrown out in favor of a foreign company if 1) the domestic bid is more than 106% of the foreign delivered price (including tariff, freight in the U.S., etc.), or 2) exceeds the delivered-price foreign bid, plus 10% of the price before U.S. tariffs, freight, etc. are added. The effect of the 10% formula will be to give higher tariff products a better break...