Word: tariffs
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Davis pointed to an increase in shoe imports of over 400 per cent in the last seven years to support his contention that what the shoe industry needs is the maintenance of present tariff levels and the establishment of quotas for imports...
President Kennedy's tariff program was defended by an economist and an attorney and attacked by "two hard-headed businessmen" last night at a panel discussion at 2 Divinity Ave. Thomas B. Schelling, professor of Economics, was moderator...
Under the "dominant supplier" authority, the President would be given the power to reduce tariffs on any product in the standard industrial trade category. The tariff could be removed entirely if the U.S. and the Common Market together produce 80 per cent of a given product, Cleveland explained...
Harris said that cutting tariffs vis-a-vle the Common Market might weaken its "basic glue--the common tariff wall--and could worsen, rather than improve, our favorable balance of trade...
...same time that President Kennedy's lieutenants were pleading with Congress to enact the tariff-slashing trade-expansion bill (see THE NATION), his Administration put what amounted to an embargo on many kinds of textile imports from Hong Kong. The two moves seemed contradictory, but they were closely related. Politicking for his trade bill. President Kennedy has been wooing Southern protectionists in Congress, hopes to win their votes by making concessions to their cherished domestic textile industry...