Word: tariff
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Hull: There was never any tariff on babassu nuts and oils even under the Hawley-Smoot tariff...
Though Oldster Hull is proud of having negotiated these tariff treaties, few New Dealers envied him his Minneapolis job, because the reciprocal trade agreements are admittedly unpopular along the Canadian border. NRA, AAA, WPA, PWA, the Wagner Labor Relations Act, the Guffey Coal Act, the Social Security Act have given or promised cash or privileges to some particular group of voters. But trade reciprocity depends on the abolition of privileges, and few of its beneficiaries are aware of their benefits. Steel workers never know what portion of their pay comes from steel that goes into automobiles and machinery sold overseas...
...acutely pained if his personal tariff...
Indeed the principle of the agreements threatens one of the salient points of the American constitutional scheme, for its takes from Congress the power to control tariff matters and gives it over to the whims of the executive branch. As Mr. Hull's treaties were published one by one, people whose interests had been vitally affected found themselves pushed out the door, denied hearings, and treated generally like unruly schoolboys if they voiced legitimate protests. Such dictatorial tactics may be acceptable in times of emergency but should never be allowed to get a foothold in the long-run system...
...pervades every nook and cranny of the New Deal. And for the promotion of peace, a cause which goes hand in hand with reciprocal treaties in the Secretary's mind, one should bear in mind that all the free trade leanings of the last Democratic administration with its Underwood tariff schedules, did not suffice to keep the country out of the most disastrous war in world history. Altogether, Mr. Hull has claimed the moon for his pet policy, and, as is always the case under the New Deal, the American public, producer and consumer alike, pays the piper...