Word: tariff
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...money exacted as taxes . . . for the benefit of farmers . . . but we shall have nothing to say if the money is for no one in particular [Hoosac Mills (AAA) case]. And do not ask us to return money exacted from consumers for the benefit of manufacturers in the form of tariff duties...
...debate in the Senate then degenerated into the sort of thing that occurred among the builders of the Tower of Babel: the arguers could no longer speak one another's language. In Republican language Senator Vandenberg's figures meant that reciprocal tariff agreements were putting the U. S. on the road to bankruptcy. In Democratic language the same figures meant just the opposite: not only was the U. S. selling more of its products (biggest single U. S. export: cotton), but U. S. investors were finally tending to get something of value (more imports) as return...
...three minor ones. Japan accounted last year for about half the U. S. consumption of bleached goods, cotton rugs and cotton velveteens. The second fact was that invalidation of NRA had left U. S. mill owners high & dry on a plateau of permanently raised labor costs without the commensurate tariff protection provided in NRA's Section...
...reciprocal trade treaties with Cuba, Belgium, Brazil, Haiti, Sweden, Colombia. Gentle, pipe-smoking President Murchison saw clearly the impossibility of damming Japanese cottons with further import duties. Restrictions strong enough to affect the Japanese would be absurdly unfair to European exporters, and U. S. policy forbade a sharply discriminatory tariff...
...recriminations, the bickerings and the hazards involved in a campaign of political action. . . . On their side, the Japanese will have for the years 1937 and 1938 a volume of business greatly in excess of any previously enjoyed in the American market. . . They are also freed from the danger of tariff increases or other forms of restrictive legislation...