Word: tariff
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...practical defensive steps for democracies Mr. Armstrong suggests: 1) naval and military agreements; 2) tariff and commodity agreements; 3) money stabilization at home and abroad; 4) above all, determination not to finance the Dictators again...
Sugar's trouble dates back to the World War, when beet production in Europe was severely disrupted. At that time cane producers who are sellers on the world market in London, particularly Java and Cuba, increased acreages mightily. The War over, European beet growers so sprouted behind tariff fences that by 1929 the continental sugar output topped 1913-14 production by 500,000 tons, the world market was glutted...
...brought about an intolerable economic situation. The Independence Act was supported in Congress by two groups, one inspired by international altruism, the other inspired by national selfishness. Those inspired by selfishness were Congressmen, mostly from sugar-producing States, who wanted to put the Philippines outside the U. S. tariff barrier so as to get rid of business competitors. Into the law they wrote provisions which would institute a series of export taxes on Philippine goods shipped to the U. S.-the equivalent of a U. S. tariff-beginning at 5% in 1940 and mounting 5% a year. Since...
Then smart entrepreneurs started building refineries in the tropics, shipping the finished product instead. The tariff on raw and refined was approximately the same, while labor and taxes were lower than in the U. S. By 1934 these tropical refiners were supplying nearly one-tenth of the 6,000,000-odd tons oi sugar annually consumed...
...apathetic to the Babst propaganda is big Hershey Chocolate Corp. which refines sugar for its candy on its own plantations in Cuba, hence wants no change in tariff or quotas. When the Babst brief appeared last week, Hershey's P. A. Staples, in Cuba inspecting his tropical refineries, hopped to a telephone with a derisive counterattack to U. S. editors. "For the last several years we have been treated to the spectacle of the domestic refiners masquerading as farmers and trying to hitchhike on the farm relief wagon, although all refiners of sugar are solely middlemen who have...