Word: tariff
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After weeks of argument and revision, the new French tariff on automobiles framed by Minister of Commerce Pierre Etienne Flandin was approved last week by the Tariff Committee of the Chamber of Deputies, recommended for swift enactment. U. S. dealers studied it ruefully, admitted that "it might have been worse...
Instead of the present 45% ad valorem ("according to value") duty on foreign cars, the new French tariff is a tariff by weight. Foreign cars are divided into five classes, taxed as follows...
...theory the new French tariff is not discriminatory. In fact it discriminates ingeniously against cars of the Buick type and in favor of cars of the Packard sort...
These two cars are in a vastly different Price class but in nearly the same weight class. Under the present French tariff, ad valorem ("according to value"), a high priced Packard pays a high tariff of $1,182 per car, and a medium priced Buick pays a medium tariff...
Under the new tariff a hefty Packard will pay $1,230 (a comparatively trifling increase) but a Buick of nearly the same heft will pay $1,189 (an increase of 75%: a crushing discrimination against Buick or "medium priced" cars...