Word: tariffers
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...reaps a microscopic profit margin. This has led to cutthroat competition between the domestic beet bloc and the cane producers in Cuba, Hawaii, Puerto Rico and the Philippines. To protect themselves, the beet men for 25 years operated an intense and effective lobby to get Congress to erect tariff walls and pay subsidies. In 1934 they jammed through a quota system that gave them 25% of the 6,000,000 tons of sugar consumed in the U.S. One of their most cogent arguments for protection: a strong domestic sugar industry would be invaluable in wartime...
...itself, Bretton Woods would not restore world commerce to free competition among individual traders. That depended on the nations' attitudes towards such fundamentals as free enterprise and tariff reductions. But the Bretton Woods machinery might remove some of the strongest temptations to nationalized cutthroat competition in foreign trade...
...tariff trade policy should be instituted for the next three, possibly five years, to be followed by gradual tariff increases...
...great House debate on the tariff fizzled. For four days, Republicans fumed and spumed the ancient theory that tariff cuts mean U.S. unemployment and economic ruin. Democrats, huffing & puffing under the attack, argued that renewal of the Reciprocal Trade Agreements Act, with authority for further tariff cuts up to 50%, was vital to U.S. prosperity and U.S. world policy...
...recognized the de facto independence of the Levant states in the dark days of 1943. Now, the Quai d'Orsay wished to buttress its position with a treaty of alliance and friendship giving France strategic rights (air fields in Syria, naval bases in The Lebanon), economic privileges (preferential tariff treatment), cultural advantages (French to be a compulsory school language). The Lebanese and Syrians are willing to compromise only on the first point...