Word: tariff
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...then, Ed had been in state politics for more than 40 years. He had been born, properly, in a log cabin and, at twelve, helped round up votes for Greene County Democrats. This was a mistake he soon corrected. When Grover Cleveland and the Democrats took the high tariff off imported wools and ruined Ed's sheep-raising father, Ed reformed and joined the Republicans. In 1898 he marched off to fight the Spanish in the Philippines. He came back and graduated from Waynesburg College...
Advance Continued. At the time Ed Martin joined up, Joseph Ridgway Grundy, the cherubic, wealthy Quaker millowner and cold, shrewd defender of high tariffs, was rising to power. "Uncle Joe" Grundy, as Martin still calls him, had been dictating tariff bills since 1897. His masterpiece was the Smoot-Hawley bill of 1930, which precipitated an economic world war and was one underlying cause of World War II. To some Joe Grundy was an ogre. To his friends, the white-haired, thee-saying Quaker was just an old-fashioned businessman. The machine served Grundy...
...Some rugs enter the U.S. under a 40% tariff. But any rug with fringe around it is classified as "an article made in whole or in part of fringe." The duty on that...
Could Volta Redonda compete with foreign steel? "Right now," said Soares, "we may need some kind of tariff protection. But in three years, when new ovens and converters are in operation and we are going full blast, we can compete in Brazil with foreign importations." Soares even has fond hopes of some day selling alloy steels abroad. "Volta Redonda," he says, "is the product of the collective will that will overcome all obstacles...
...Canadian rubber tires, supposed to enter the U.S. under a 10% tariff, are often classified by customs inspectors as "articles made wholly or in part of graphite." Result: a 30% duty...