Word: tariff
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...seven months of weary dickering, the world's great trading nations, led by the U.S., took a long step toward improving the channels of free world trade. This week the State Department published a massive (230-page) report, summarizing the results of the 23-nation Geneva conference on tariff barriers (TIME...
...Geneva conference did more than just slash tariffs. It chopped hard at the hedgerows of other national restrictions which impede trade. One basic principle adopted by the conferees was the provision that all the negotiators would benefit from, any tariff cuts granted. They also put a ceiling on such restrictive regional agreements as the British system of lower rates within the Empire...
...agreements were studded with escape clauses. If tariff cuts caused "serious injury" to U.S. domestic producers, they could be suspended or withdrawn. Any nation short of dollars could still resort to exchange controls, import quotas and other dollar-saving devices. In a world where dollars are short everywhere, that meant that tariff reductions now would probably not amount to much more than a one-way street into the U.S. for foreign exporters. If a rebellious Congress fails to renew the Trade Agreements Act next June, the other end of the road will soon be closed again...
...boys half-way up and on the sidelines for the Rutgers game, instead of tucking them away somewhere deep in the bowl where the game is but a rumor. The cynics who look for evil motives may try to content themselves with the one hitch of a 25 cent tariff on each boy, but that goes to the government by law, and nobody around Cambridge receives a cent...
...independent carriers could make out, the issue was plain: Would the scheduled airlines, which had been slow to wake up to air freight's possibilities, be permitted to drive the independents out of business? The scheduled lines' weapon was a rate war - the 12?-per-ton-mile tariff recently proposed to the Civil Aeronautics Board by American, United and Pennsylvania-Central Airlines. What roweled the independents was their firm conviction that the scheduled lines could do the job only with the help of their Government "subsidies" in carrying air mail...