Word: tariffs
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Commerce Secretary Sinclair ("Sinny") Weeks once dismayed partisans of freer world trade by publicly labeling himself a "protectionist." That was five years ago. Last week chunky, mild-mannered Secretary Weeks, 64, rock-ribbed Massachusetts Republican of the old school that traditionally considered tariff protectionism a fundamental GOPrinciple, stomped in out of a snowstorm to appear before the House Ways and Means Committee. He was there as the Administration's chief spokesman for what may be 1958's most bitterly fought legislative proposal: the bill to promote freer trade by 1) extending the reciprocal trade act for five years...
Setting out to battle tariff lobbies, Convert Weeks put Commerce Department staffers to work drafting a series of studies detailing the beneficial effects of foreign trade in 120 different Congressional districts. As of last week, ten studies had been completed and hand-delivered by Commerce Department officials to the ten. Congressmen from the districts covered. Studying Commerce's brochure on Connecticut's First District (machinery-manufacturing Hartford), the district's Republican Representative Edwin Hyland May Jr. made up his mind to vote for the Administration bill...
Predictably, all this made no detectable dent in the iron-clad convictions of the House's high-tariff camp, led by Pennsylvania's husky Republican Representative Richard M. Simpson. Tariffanatic Simpson is bent on pushing through an amendment that would, in effect, leave tariff power under Congressional control, hatchet the President's power to overrule Tariff Commission recommendations for "escape clause" tariff increases-a power that Ike has used to scotch 14 of the 23 increases the commission has recommended during his five years in office...
...Administration sees it, the President must keep this authority because the interest of a particular industry must be weighed against the national interest. Last week this viewpoint got an unexpected boost from the six-man Tariff Commission itself. Louisiana's Representative Hale Boggs, one of Capitol Hill's most ardent freer-traders, asked the commission members, seated together below the Ways and Means Committee's walnut dais, whether they thought their escape-clause recommendations ought to be final. Commission Chairman Edgar B. Brossard mugwumped, but the other five members all said no. Commented Boggs: for Congress...
...exports to the U.S. will be cut rather than raised. To plead their case, ten gentlemen from Japan called upon U.S. officials in Washington to tell them about what is happening to the little town of Tsu-bame-and thereby told a tale of how even a small U.S. tariff change can bring economic disaster abroad...