Word: tariff
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...Next day, also at Geneva, Tennessee's Democratic Congressman Jere Cooper, the House Ways and Means Committee's prospective chairman, promised that tariff revision will be "one of the first major pieces of legislation" that his committee will take up, come January...
...private, hour-long chat, the two posed beamingly for photographers, whom MacArthur told to caption their pictures: "Two old friends." This week Yoshida's plans called for a mission to Washington, where he was expected to hold out his hand for friendship, economic aid and better tariff breaks for Japan...
Foreign Trade: Chances are greatly improved for passage of Clarence Randall's tariff-cutting program (see below). The new chairman of the House Ways & Means Committee, Tennessee's Jere Cooper, favors lower tariffs and freer trade, unlike his Republican predecessor, Dan Reed, who fought Randall's program...
...keystone of U.S. policy, in addition to gradual tariff reductions, simplified customs procedures and relaxations of the "Buy American" policy, should be a flow of private American capital into the world economy. But Government must provide incentives for capital by such changes as a reduction in the corporate tax rate on foreign earnings. In calling for tariff reductions, Randall points out how high tariffs can transfer burdens from one part of the economy to another. When the U.S. banned imports of Danish bleu cheese, for example, the Danes banned U.S. coal (see below), thus transferred Wisconsin's problem...
...also been attacked in the U.S. as unconstitutional. Democratic majorities and Committees in the next session are ore likely to give Eisenhower support in his liberal trade program than the 83rd Congress did, and formal consideration of GATT is an important part of that program. A stronger international tariff agreement, backed by U.S. Congressional approval, would go a long way toward freer trade...