Word: tariff
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...Ways & Means to work on a new revenue bill and on legislation to up liquor taxes. Last week it was reported that this North Carolinian, who has grown bald as a buzzard during his 22 years in the House, would be rewarded with a soft roost on the Tariff Commission just as soon as he finished putting the necessary tax legislation through the House...
...French Govern- ment announced that if the wine quota were doubled to 1,568,000 gal., France was prepared to quadruple its U. S. apple & pear imports to 900.000 bu. That seemed fair enough until it was learned that the thrifty French were quietly planning to up the tariff on U. S. fruits. This joker discovered, M. Garreau-Dombasle was required to present assurances from his Government that the fruit tariff would not be raised. He did, and the ratio of the international trade stood roughly thus: Frenchmen would eat two pecks of U. S. apples or pears for every...
...fashion rather than tread so heavily on the toes of his fixed-income supporters. Even though wage-cutting, as R. G. Hawtrey has pointed out from his eyrie in the Bank of England may not prove sufficient to increase exports to any appreciable degree in a world of incredible tariff walls, and even though, as Cassandra Keynes has warned, wage-cutting may provoke bitter retaliation by other countries, still Il Duce does not care to risk offending the class which might at some later time furnish Mussolini, 2nd. There is no gain to the all-powerful dictator in making enemies...
...declined 82 per cent, whilst the total foreign trade went down only 69 per cent. This starting decrease is due in part to a not unjustified distrust of this country as the "Colossus of the North," but it can also be attributed to sober economic causes. Constantly rising tariff walls, some necessary for the protection of United States industry and some purely arbitrary, have served to shunt an unwonted amount of Latin American commerce into European ports. The present difficulty of getting foreign monetary exchange, due to the instability of the dollar, is the immediate cause of an almost complete...
...great Scotch whiskey trust, Distillers Co. Ltd., has about 100,000,000 gal. which it would dearly love to sell in the U. S. The big hurdle is a $5-a-gallon tariff which will probably be upped to stimulate domestic grain consumption. DCL, like Bacardi, has taken its time about the U. S. market, has kept liquormen with their tongues hanging out over who was to sell Johnny Walker, Haig & Haig, Dewar and Gordon gin. The assignment of only two brands was definitely known so late as last week: Black & White to National Distillers and Johnny Walker to Canada...