Word: tariff
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...chemical industry ... is still fighting the long-dead German dye trust of 1914. [The chemical companies] finance the American Tariff League and repeat the old high-tariff shibboleths. They can't talk any more about infant industries, but they have seized upon defense considerations as their last argument. They even question American technical proficiency in their tariff speeches, while in separate statements they report extraordinary earnings from extraordinary discoveries and processes . . . The imports are . . . less than 17% of American consumption. Are they entitled to a monopoly of the American market...
...born two years ago out of hard military and economic necessity. The Western allies needed arms, and their factories needed work. OSP was a lot easier for Congress to swallow than outright grants and arms shipments, and it was a way for U.S. dollars to get around U.S. tariff barriers, help Europe towards "trade...
...semi-finals and finals the four men argued the affirmative side of the topic: "Resolved: That the United States should adopt a policy of free trade." Their arguments centered around the role of the tariff in straining our foreign relations, although they also stressed that the prosperity of our export industries depends largely upon the ability of other countries to sell...
None of his colleagues backed McDonald on this scheme. Free-trading commissioners feared that to propose it would be to admit that tariff cuts actually would hurt home industries. Protectionists ridiculed it, for it struck at the heart of their arguments: by automatically compensating for damage to industry, the only valid reason for tariffs is removed. Gene Milli kin called it "government trying to play the Deity with our economic system." Such statements overlooked some figures computed by the U.S. Labor Department: each week 300,000 newly unemployed workers apply for jobless insurance; but cutting all tariffs in half would...
...were an uncompromising free-trading document. Early last week he wrote Businessman Randall a 3,500-word letter that amounted to a sweeping repudiation of the report. He craftily plucked at the report's weaknesses and dealt Randall a studied insult, as he observed that tariff revisions are made by the Senate Finance Committee, not the Randall commission...