Word: tariff
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...traditional tariff is not the only tool governments are using these days to influence trade. More important perhaps is the financial support that states are offering to industrial firms to aid them in the global competition for a shrinking pool of consumer demand. Most obvious of these steps was Washington's $17 billion bailout of the U.S. auto industry. Now American steelmakers are lobbying the incoming Obama Administration to include "Buy America" provisions in the proposed government stimulus package, to favor their own steel over foreign imports. A state development fund in Taiwan is raising $6 billion to aid companies...
...French government officials are fighting mad following Thursday's announcement by U.S. trade authorities that Washington is tripling the tariff on Roquefort cheese imports from France. The famous blue-veined delicacy is among scores of European products targeted by a 100% levy the U.S. imposed in 1999 in retaliation for the European Union's longstanding ban on hormone-treated American beef on the grounds that it may be unsafe to eat. But unlike other goods on the list - truffles, ham, chocolate, mineral water, sausages, and certain fruits and vegetables - Roquefort is the only one whose tariffs is to be boosted...
...29th president (though in reality, the non-Quiz Bowler names the 27th.) He was also able to recall that Taft was a rather large man. But it was up to Simons to relate that Taft had fired Gifford Pinchot. And authorized the passage of the Payne-Aldrich tariff...
...MILLION Tariff relief for wool importers...
George W. Bush has never been reluctant to frame policy debates in moral terms, targeting an "axis of evil," casting tax cuts as the removal of "unfair burdens" on hardworking people, calling tariff reduction a "moral imperative." But THRIFT is one virtue he never invokes, and a restoration of restraint is a strain of conservatism he seldom promotes. In fact, it was after the most tragic day in modern U.S. history, when Bush urged people who wanted to help to "go shopping," that profligacy officially replaced prudence as a patriotic duty...