Word: tariffers
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With such booming export business the German machine has devoured ever more raw materials from abroad, and Erhard has fed it by four major tariff cuts during the last two years. No country in the world has lowered trade barriers as boldly and sharply. The cuts have also helped to keep prices down at home. German workers, long paid less than other Western Europeans because of the postwar needs of rebuilding and the huge influx of unorganized refugee workers from Eastern Europe, have been reaping the rewards of trusting in Erhard's insistence that production must come before benefits...
...Extension "for at least five years" of the tariff-lowering Reciprocal Trade Agreements Act (expiration date: June), which is under hot congressional fire...
EUROPE'S COMMON MARKET will speed moves by U.S. companies to open subsidiaries on Continent, thus get in under tariff wall. Heading in that direction, Pittsburgh's fast-growing Rockwell Manufacturing Co. (1956 sales: $115 million) will buy West Germany's Ilo Works, continue to make Ilo's diesel and gasoline engines there and also turn out the valves, pipeline meters and power tools that Rockwell makes...
...some established agents have expressed their discontent at the combine's ten per cent tariff on their profits, charging that the tax amounts to confiscation. In most cases, however, the complaint is unsound, as it overlooks the fact that the Agency provides them with legal business addresses--something which their rooms in tax-exempt University property failed to give them...
LEAD, ZINC TARIFF will probably jump 100% to 200% soon to give depressed domestic producers a boost. With U.S. prices down to 14? per lb. for lead and 10? for zinc, Tariff Commission is expected to recommend doubling lead duty to 2.55?, tripling zinc tariff...