Word: tariff
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...heavy eyebrows and invited John L. Lewis to say a few words. John L. rose, surveyed the businessmen surrounding him, and talked for 30 minutes without pause. When he sat down, his audience gave him the heaviest applause of the afternoon. Reason: without ever mentioning the horrid word "tariff," Lewis had managed to roll together all the old demagogic arguments against free trade and give them a fine, patriotic ring...
...surplus wool, almost 40% of the 1952 U.S. clip, already in Government hands, the Commodity Credit Corp. may have to buy up to 40 million more pounds of wool this year. To dispose of this huge surplus, Assistant Secretary of Agriculture John H. Davis last week asked the Tariff Commission to recommend a 7?-a-lb. additional duty on imported wool. With this protection, Davis hoped that the CCC could avoid any new wool purchases this year, and perhaps rid itself of half its old holdings. Wool growers, who wanted something more like the 16? proposed last year, said they...
...more protection what the wool men really need? High-quality Australian wool, adding in the present tariff, now costs more than the domestic wool (see chart). Furthermore, wool users, who oppose a tariff increase, argue that any boost in domestic wool prices would actually be self-defeating. A rise in wool cloth prices would decrease consumption even further and increase the use of synthetic fibers...
...Grasse. Last week not everything in the $30 million-a-year French perfume industry smelled sweet to Wertheimer. Italian perfume makers were challenging French supremacy in the U.S. market, and, as always, the Paris market was flooded with cheap, tourist-bait concoctions mixed in some 1,200 Parisian "cellars." Tariff barriers and import restrictions have virtually shut off the big Latin American markets. Things were even worse in the quiet town of Grasse, near the Mediterranean, whose 18 distilling plants supply the French perfume industry with most of its flower essences. Grasse was harvesting a bumper crop...
...Administration's drive for freer trade last week got another small, but helpful, shove forward. The United States Tariff Commission turned down a request by the Watch Attachment Manufacturers Association for higher import duties on foreign-made metal watch bracelets. The association argued that the "escape clause" of the Trade Agreements Extension Act should be invoked because increased imports of cheap foreign bracelets had seriously cut into the sales of U.S. producers. (Foreign bracelets made up 20% of sales last year v. 0.7% in 1947). The commission threw some statistics back at the U.S. bracelet makers. Total sales...