Word: tariff
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...coal. The Schuman Plan had become fact, and with it the ceiling imposed by the Allies on Ruhr steel production was finally lifted. Behind a battery of red gladioli in Luxembourg's City Hall, the men whose job it will be to sweep away Western Europe's tariff walls, crush its cartels, modernize its production methods and sell its coal and steel to all members of the Community on "equal terms" sat together for the first time. They were...
George Merck liked the country so much that he settled in Manhattan. He was quick to see the immense opportunities for technical industry in this new nation, growing up behind its protective-tariff walls. His U.S. partnership of Merck & Co. bought 150 acres at Rahway, NJ. In 1903 the plant began making much the same line of chemicals and medicinals as its parent firm was making on the other side of the tariff wall...
From the desk of Harry S. Truman last week emerged an 1,800-word state paper exclusively devoted to garlic. U.S. garlic growers, a small but vociferously selfish band, had persuaded the Tariff Commission to restrict garlic imports so severely that Italy, one of the chief foreign suppliers, stood to lose more than half her U.S. sales, which in 1951 totaled about $420,000* Pointing out that Italy had done a good job of combating Communism, the President bravely overruled his commission. The decision to abolish the garlic quota, declared one State Department official, would breathe new life into...
Although they were shouting long before the tariff fight had even begun to settle, there seemed little doubt that the Swiss had the story about right. Since 1951, three major U.S. jeweled-watch manufacturers, Hamilton, Elgin and Waltham, have been constantly pressuring the Tariff Commission to raise duties on Swiss imports. Their argument: Swiss movements have cut into their market until they now sell only 19% of the watches sold in the U.S. in comparison with...
...with Swiss subsidiaries or plants as Benrus, Bulova, Gruen and Longines-Wittnauer, was quick to point out that out of every dollar spent in the U.S. for a Swiss watch, 85? stays in this country; only 15? goes to Switzerland. It was estimated that for every dollar the U.S. Tariff Commission may tack on to Swiss movements, the U.S. consumer will have to pay about $6 more the next time he buys a timepiece. Actually, the matter is more than an argument over watches: the outcome may well serve as an indication of the U.S.'s willingness to trade...