Word: tariff
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Domestic Allotment, as approved by President-elect Roosevelt, was a proposal to make the tariff effective on U. S. produce, the domestic price of which is set in world markets by virtue of an exportable surplus. Reduced production was to be rewarded with a bounty of more than $900,000,000 distributed locally in such a way that the people of each county would watch each farmer to see that he got neither more nor less than he deserved. The bounty would be paid only on wheat, cotton, tobacco and hogs and then only on that part of the production...
...tariff rate would not fix the excise tax. During an initial marketing period after the bill's passage, the following would become "fair maximum prices...
Basic in European trade relations until very recently was the Franco-German Commercial Treaty signed Aug. 17, 1927 and afterward the model of many another. Covering roughly two-thirds of the items on French and German tariff lists, the treaty has stabilized rates on these items. Last week Germany and France amended their Treaty of 1927 to permit either party to raise or lower all but a few rates on 15 days notice. Thus they all but tore up a document hailed when it was signed as a. great stabilizer of European trade. Still more ominously they adopted...
Normally this clause, which figures in numberless trade treaties, has been a blanket clause. When states A and B signed a most-favored-nation treaty each pledged that it would grant to the other all trade favors (such as lower tariff rates) which it might grant to any third state. Last week France and Germany agreed that such treatment shall no longer apply to all but hereafter only to specified items of trade. Clearly this opens the way to unlimited trade haggling between states. It was said in Berlin last week that France urged and won the new interpretation...
...Blythe based his arguments for "Buy American" squarely on the fact that countries with depreciated currencies, low wages or both are able to manufacture goods, ship to the U. S., pay a stiff tariff and still undersell the products of U. S. industry. Czechoslovakia, he cited, can lay down rubber boots in the U. S. at $1.16 a pair. They cannot be duplicated by the U. S. for less than $1.48. Japan sells celluloid combat $11.06 a gross against the best U. S. price of $25.86. Certain grades of European steel are so cheap that even if all labor cost...