Word: tariff
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China entered the New Year boldly last week, put into effect without warning a new tariff estimated to increase the living costs of foreigners in China...
They will have to pay dear for whiskey, wines, silks, jewelry and beer. The tariff on imported cigarets was upped some 600%, should prove prohibitive to all except Americans who must have Camels, Luckies etc.; Englishmen who must have Players, Abdullas. With great astuteness the Chinese Government upped their tariff so suddenly that the "foreign devils" had no chance to lay in advance supplies of their necessities - luxuries to Chinamen...
...tariff act," declared Attache Arnold impressively, "indicates more consideration of China's economic condition than has any previous tariff legislation in China's history. The new tariff is calculated on a genuine protection theory, and not merely to increase revenue...
...artificially high U. S. price created a new threat-namely, nullification of the 42? wheat tariff. If the world price dropped another 10? to 15? per bu. money could be quickly made by shipping wheat to the U. S. and selling it to the Farm Board. Chairman Legge wrote to Senator Capper thus...
...industry as a whole is overexpanded. The Automobile Salon (TIME, Dec. 15) forecast the efforts the companies contemplate to court sales in 1931. Foreign sales for 1930 decreased 44%, compared to a domestic drop of 30% in new car registration, and many companies must consider foreign factories to escape tariff walls. Yet the industry as a whole is rich, in strong hands. Most companies are in a position to zoom again when the public gives the signal.* For this reason all U. S. Industry last week awaited reports on the reception of the New York Automobile Show...