Word: tariffers
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...recent Dutch proposal for a tariff union of the six EDC nations is fine; the Administration favors all moves toward European unity-the more the better...
...backs. So I just say, let's practice what we preach, where it will do us and our allies some real good. Let's give our friends a fair crack at the American market . . . I believe we ought to get rid of the 10% tariff on automobiles* at once...
...away currency restrictions. This plan has been vigorously attacked as adding to U.S. and world inflationary trends. It finds little or no favor among Ike's advisers. But they are deeply concerned about how to lower barriers to world trade, and nonconvertible currencies are a serious barrier. (The tariff is another.) For months there have been rumors of a new British effort to make the pound convertible. Humphrey may soon find himself involved in negotiations for essential U.S. help on this problem...
...Eugene Black has lent $874,187,000 abroad. But the more he lent the more he became convinced that the free world needs U.S. lending less than U.S. spending. Last week, speaking to the Economic Club of New York, Black called for "a fundamental and lasting change" in U.S. tariff policy. Said he: "Clearly . . . the U.S. should open her markets to the free world . . . It is my belief that no other single factor could do as much in the long run to strengthen the world economy as an expansion in American imports...
...demonstrate to the American people that an increase in imports would be a gain and not a loss to the country, and that they themselves [stand] to benefit from it. [The nation needs] a new and liberal attitude toward imports, and not merely a reluctant acquiescence in specific tariff reductions. After all, every dollar that leaves the U.S. must sooner or later find its way back . . . What is required is not that the American economy should lose its self-sufficiency but that it should be willing to become a little less self-sufficient than...