Word: tariff
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...maze of U.S. customs laws, grown up haphazardly since George Washington signed the first tariff act in 1789, has compounded trivial annoyances into major headaches for American importers. Last week Congress provided some aspirin by passing a long-needed customs-simplification bill. The new bill will...
...bill to amend the Reciprocal Trade Act. This "second Simpson bill" was as frankly protectionist as the first. Among other things, it would have set higher duties on lead, zinc and watch movements, imposed quotas on oil imports, made it easier for domestic producers to seek relief from the Tariff Commission. Simpson avowed that under his bill manufacturers could get "50% more protection than under the Smoot-Hawley...
...vacuum of exile during World War II, the governments of Belgium, The Netherlands and Luxembourg spent much of their time working out plans for the happy day of liberation. Their most ambitious scheme was for economic union: interstate free trade, a common tariff and excise, a free exchange of workers. The beginnings proved more modest: after liberation came a customs union with a catchy name, Benelux, and talk of how the three nations would prove "an example of unity in a divided world...
Continuance of the 19-year-old Reciprocal Trade Agreements Act would make no change in present U.S. tariff policy. If "trade, not aid" was to become more than a slogan, President Eisenhower would have to lead the U.S. a lot farther along the road toward restoring world markets. Meanwhile, Ike's holding action had saved the U.S. from a backward step...
...appropriation of $500.000 to study the whole question of foreign trade, George Gallup sent his polltakers out to see how the trade winds were blowing. This week, Pollster Gallup announced his conclusion: the people of the U.S., long considered protectionist-minded, are no longer holding up the tariff walls. Gallup's interviewers reported that of 64% who have opinions on the question, 30% want tariffs lowered. 21% want no change, and only 13% want higher levies...