Word: tariffers
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...outcome of the World Economic Conference has brought sharply into focus the issue of economic nationalism. The dramatic announcement by Norman Davis and Secretary Hull of the end of American isolation coupled with President Roosevelt's early enthusiasm for tariff reduction, seemed to betoken a return to a policy of low tariffs and Wilsonian internationalism. But if the Administration's ardor for the removal of trade barriers ever burned very strong, it has apparently cooled with a growing sentiment that the New Deal can best be achieved within a closed economic structure...
...great majority of thinking men who viewed with intense disapproval the strangulation of foreign trade by a competitive tariff race, this doctrine of "intra-nationalism" will come as something of a shock. Before condemning it out of hand, they should recognize that the laisser faire economy in which the free traders proved their case is rapidly ceasing to exists. This country has embarked on a far-reaching program of national economic planning. It may be that the domestic adjustments of this program would be upset if our commodity and capital markets were open without restriction to foreign influences...
...persist in turning down the overtures of the powers who will not discuss anything else until the monetary question is settled, we will undoubtedly win our somewhat obscure end, but it will mean forfeiting time that could be employed in the discussion of vital issues like tariff barriers and risking an isolated trade position...
...Conference Bureau announced a proposal from the U. S. delegation for an all-around tariff cut of 10%; the U. S. delegation repudiated the plan; and the Press reported that...
...proposed that "the newspapers could help best if they stressed the broad lines of the program and did not particularize." Now he flayed those correspondents who saw ''contradiction" between the U. S. domestic program for business revival and his own brand of low-tariff internationalism. Hardly had he issued his statement when the London Morning Post popped out with a cartoon of Uncle Sam standing on his head, and the caption paraphrasing Lewis Carroll...