Word: tariffs
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...like the dickens all the way." ¶The House Ways & Means Committee is ready to recommend a bill providing a three-year extension of the reciprocal trade program, a compromise between President Eisenhower's five-year request and the one-year-and-no-more demands of the congressional tariff bloc. But regardless of heavy protectionist opposition, trade-minded committee Democrats and Republicans will stand pat behind the President's power to overrule Tariff Commission recommendations in the interests of U.S. trade as a whole. ¶Packing for a South American tour, Vice President Nixon nevertheless took time...
...relaxed and cordial atmosphere created by these concessions, Prime Minister Macmillan and his aides made a pitch for German help against France. Britain has refused to join the six-nation, tariff-free European Common Market, but does not want to be shut out of a probable market of 165 million people. Britain would like to be an affiliate (along with ten other European nations) in a looser free-trade area, but as a price for letting the British in, France demands tariff preference throughout the British Commonwealth. Adenauer agreed to help...
...Chile's President Carlos Ibáñez, already badly upset over the low price of his country's all-important copper, last week canceled his scheduled state visit to President Eisenhower after Secretary of the Interior Fred Seaton proposed to restore the long-suspended U.S. copper tariff...
...that his request for a five-year extension of the reciprocal trade act was just a bargaining point. "I would like to set the record straight. It is a proposal dictated by the facts." Among the facts: six principal nations of Western Europe are embarked on a program of tariff reduction that will result in a tariff-free common market expected in 1962-and the U.S. will need the powers set out in the reciprocal trade act to bargain with the common market area to mutual advantage...
...Irish wages (average: $21 for a 48-hour week), low power rates (1 per kw-h). low living costs (50? for round steak, 24? for a shot of fine Irish whisky), and the idea that the U.S. manufacturer in Ireland will be able to sell his goods tariff-free to the future European free-trade area, which Ireland intends to join. The free-trade area should prove particularly attractive to businessmen who set up plants in the 200-acre customs-free zone around Shannon Airport in County Clare...