Word: tariff
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...Trade Organization (ITO) which the State Department's shrewd Will Clayton drafted months ago got full British support "on all important points." This global trade charter, sent last week to other nations for study, outlined plans to revise or abolish such trade restrictions as import quotas, export subsidies, tariff preferences, cartels and dumping schemes...
...wife's inability to be gracious when her husband wants a stag vacation, because they syndicated more easily, raised fewer quarrels (of a sort that involved furious letters-to-the-editor) and made more money than cartoons which took a strong stand on the tariff. As for taking a weak stand on the tariff, or on any other political issue, that was for Webster out of the question. Good political cartoons have to be simple, and the only sure way to be simple, without also being vapid, is to be very firm in your convictions. Webster calls himself...
...House Military Affairs Committee reported the bill out last week, it was a foregone conclusion that it would not pass in its present form. At the same time the Congress-which had been squinting at atomic power almost as confidently as at those Lilliputian mavericks, the budget and the tariff-suddenly admitted to itself that it did not know what to try next. The monster seemed to be getting bigger, more red-eyed and more terrifying with every passing...
Canada's Government retrieved a blunder. It had ineptly imposed drastic new tariff increases on such things as steel tubing (TIME, Nov. 5), contrary to long-proclaimed policy. In Parliament this week, the new tariffs got the heave. One reason: public pressure. Another, said Finance Minister J. L. Ilsley: the chances of "early international action" to lower tariff barriers "are considerably improved...
...House of Commons where the Government has only 126 seats against 119 for the combined Opposition, such an event would be extremely hazardous. The Cabinet could allow the intraparty fight to flare on the floor of the House of Commons, and risk defeat. Or it could cancel the tariff increases. Neither alternative was sweet...