Word: tariffers
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...nation's total exports. The U.S. takes more than half of this total, thus provides Switzerland with dollars that help make her economy the soundest in Europe. Last week the usually complacent Swiss watchmakers were wound up tight as an over-stressed mainspring. The U.S. Tariff Commission had reportedly recommended to Harry Truman that duties on Swiss watch movements be raised. This would drastically cut Swiss exports...
Alarmed, the Swiss watch industry met to protest. Maurice Vaucher, president of the Swiss Federation of Watch Manufacturers, reminded the Tariff Commission that Swiss imports "provide a livelihood for 15,000 Americans . . . engaged in the manufacture of cases, dials, watch straps and other accessories . . . and that these imports provide the major profit for 30,000 [U.S.] jewelry stores." Furthermore, the watchmen pointed out, Switzerland buys $5 worth of U.S. products for every $3 worth of its products that it sells...
...when he was elected to U.P.'s board of directors, and he graduated ('13) into a vice-presidency of the railroad. He was studious in his business dealings, invested carefully in shipping, commercial aviation and investment banking (Brown Brothers Harriman & Co.). In 1928-irritated by Republican high-tariff policy-he turned Democrat and began the first of a series of investments in the Democratic Party...
E.C.A. teams begged European businessmen to modernize their products and aim for the dollar area. But as soon as these manufactures began making the slightest headway in earning dollars, segments of American Free Enterprise made their opposition to free competition quite clear. In 1951 they won tariff increases on cheeses, milk products, and hat bodies. The U.S. was in the position of doling out money and goods with one hand, and slamming the trade door with the other so Europeans couldn't pay us back. Now the pressure is on for duty hikes on eight more commodities, from motorcycles...
...course it's easier for these domestic industries to lobby for tariff hikes than to lower production costs or adapt their products to changes in consumer taste. But this is no reason why the United States should continue to protect small sectors of the economy at the sacrifice of global objectives. Playing Protection at the domestic consumer's expense is bad enough, but it is inexcusable to do so at the expense of the free world's security...