Word: tariff
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...creditor nation, and most of its industries no longer need protection. Furthermore, most businessmen are well aware that a tariff is actually only a concealed subsidy to a particular industry paid for by all consumers. Since World War IPs end, the U.S. has spent $38 billion on foreign aid. In the same period, the amount of the excess of U.S. exports over imports has totaled $34 billion...
Nineteen years ago, when the depression provided tempting arguments for high tariffs, a far-thinking administration initiated the Reciprocal Trade Agreements. In 1953, although world trade is more urgent than ever before, it appears that Congress may replace this vital primer to Western economy with the special interests' dream--the Simpson Act. The Act would hand presidential control of trade agreements to the conservative U.S. Tariff Commission, while providing higher barriers for lead, zinc, and fuel oil. Opposed by Dulles, Eisenhower, and most of the Democrats, the Simpson Act would be the precurser of a dangerous high-tariff program...
...billions of dollars spent getting other nations on their economic feet would be wasted by a tariff policy which would cripple them. More important than the money the Simpson Act would cost would be the loss of confidence in European nations. High tariffs would be a curious object lesson in the benefits of "free enterprise...
...conservative organization representing 161,000 U.S. businessmen, has supported extension of the Reciprocal Trade Agreements Act. It recognizes that the United States is no longer a junior nation with fledgling industries; it is a creditor nation with responsibility to all the people here and abroad. Rather than setting higher tariffs and new import quotas and pumping more aid into Europe, Congress should give Eisenhower's proposed Study Commission a chance to formulate a sensible tariff policy. It should extend the Reciprocal Trade Agreements, following the International Business Machine slogan "THINK," rather than racing into costly, isolationist barriers to trade...
This kind of "deal," besides having the air of a sellout, would be not real advantage to the Administration. Loading the six man Commission with high tariff partisans would be a large price to pay for Stimpson's cooperation in Congress. The President has forwarded his own bill for the continuation of the Trade Act. The measure makes a logical and encouraging sequence to the British move of increasing the percentage of their Continental imports, and West Germany's similar trade-easing move. The President has rightly acted to leave open the chance for lower tariffs, but he need...