Word: tariffers
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...company. A group of Texans headed by Clifford Day, who led the farmers' march on Washington last May, went to Washington with expenses paid by AAA and returned home: 1) to stir up farmers to fight the Bankhead Act injunction; 2) to start a farm movement to reduce tariffs in retaliation against manufacturers who refused to share governmental favors with agriculture. This tariff opposition, said AAAdministrator Davis, was quite "natural," thus tacitly approving a bill introduced by Senator Murphy of Iowa to have the President reduce tariffs if AAA proved unconstitutional. Franklin Roosevelt at a press conference reflected with...
...order that on Public Works projects any purchase of $10,000 or more should , be made from foreigners if the foreign bid was 15% below any domestic bid. Knowing he had a good case, the President took five minutes out in a press conference to explain why the tariff-pampered steel industry had small ground for complaint. Obliged to bid 15% under domestic producers, to pay a tariff duty of roughly 25% ad valorem, to pay insurance and freight on shipments across the ocean, any foreigner who got PWA business would have to be satisfied with only about half...
...Christian Bullitt, long-suffering U. S. Ambassador in Moscow, to agree with Soviet Foreign Commissar Maxim Maximovich Litvinoff that Russia, in return for the indicated increase in her purchases from the U. S. during the next twelvemonth, shall enjoy for that period a 50% reduction in the U. S. tariff on manganese, one of Russia's chief exports to the U. S., a 12½% tariff slash on Soviet safety matches with uncolored stems and other tariff favors...
Prime result of Canada's new policy will be to put the Dominion on a sounder competitive basis with Argentina, Australia, Russia and the Balkans in supplying the world wheat market. Its effect on the U. S., where the tariff is 42¢ a bu., will be negligible, unless the U. S. has enough surplus to go after the world market...
Only stony stares greeted U. S. lace importers, who argued in behalf of a tariff reduction. They pointed out that devaluation of the dollar had in effect nearly doubled the barrier to French imports. If the 90% duty on French lace were halved, domestic lace-makers would still enjoy more protection than they did three years ago. What the trade pact negotiators must ponder is whether concessions to France, where lace-making is a major industry employing 50,000 people, will gain markets for enough U. S. exports to compensate for unemployment created in the U. S. lace industry...