Word: tariff
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...American business are now trying their luck at the old protection game down in Washington. Then goal is to choke off imports of certain European goods that have found favor with the American public. The moves are made by lobbying for higher duties before the susceptible U. S. Tariff Commission. It's fun, profitable, and any number can play...
...press conference in Washington, Secretary of State Dean Acheson brought the situation into the open. The Italian government, he said, had recently complained to the U.S. about growing tariff restrictions and the Buy American discrimination. Specifically, Rome noted that U.S. manufacturers had persuaded the U.S. Tariff Commission to raise import duties on such Italian products as oranges, almonds, cheese and felt hat bodies. Said Acheson: "Inconsistencies in U.S. policies, caused by pressures for trade restrictions, weaken our world leadership...
Other allies have also voiced their concern over the revival of U.S. protectionist policies. London is worried about possible hikes in U.S. tariff rates on motorcycles, bicycles, chinaware, tobacco pipes and wood screws. The Netherlands is worried about the prospects of selling its Edam cheese; Denmark has similar fears for its exports of Blue cheese, which add up to only a minuscule percentage of U.S. consumption but could pay for one-third of the coal Denmark must import from the U.S. each year. Peru, encouraged by Point Four officials to develop tuna fishing, feels threatened by the demand...
...Under the Reciprocal Trade Agreements Act, as renewed and amended in 1951, the Tariff Commission must investigate all requests for higher duties. When the level of any import reaches a so-called "peril point" (i.e., threatens to hurt domestic producers), tariffs must be automatically raised...
Russia's business blandishments would be far less dangerous if the U.S.'s own shortsighted high tariff policy-which keeps more & more European industries from trade with the U.S.-were not helping to drive European business into Eastern arms (see NATIONAL AFFAIRS...