Word: tariff
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With the foreign protests as their background, tariff developments of the week were...
Automobiles. The metals subcommittee of the Finance Committee heard potent motormen recommend a reduction in the automobile tariff from 25%, ad valorem...
...White House. President Hoover called Senators Watson and Reed to the White House. When they returned to the Capitol, they were asked to explain the Presidents' tariff position. Senator Watson spoke with assurance of a "sane and sensible" tariff revision, of a "yardstick of adequate protection." Promptly from the White House came a denial that Senator Watson had been authorized to voice the Hoover views. Democrats jibed that the President must therefore favor "an insane and senseless" tariff revision without any reasonable measurement for protection. The White House the next day denied its first denial, which left the President...
Robert Barry, Washington correspondent of the New York Evening World, last week made the following analysis of the Republican membership of the Finance Committee in the torthcoming tariff fight...
...question of continuing Stanley Baldwin's "safeguarding of industry" tariff, the Labor government received the surprising majority of 120 votes, more than even the most optimistic Laborites expected. London business circles felt sure that the duties on motor cars, pianos, machinery?all typical U. S. exports?will be canceled at the passing of next year's budget...