Word: tariffs
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Steel production in the Community had jumped from 46 to 62.4 million tons, surpassing the Soviet Union's output. Coal production had increased by 11 million tons. While trade generally among the six states increased 59%, trade in coal and steel products, unimpeded by tariff walls, leaped 93%. Recently the High Authority issued the first supranational "labor passports." enabling European workers to move freely within the Community's borders to obtain jobs without labor permits from a national government...
...foreign nations manufacture spring-operated clothespins at the rate of 791 million a year. Last week, to please the six U.S. companies-and protect a market worth less than $4,000,000-at the risk of offending Sweden, Denmark, West Germany, Yugoslavia and five others, President Eisenhower doubled the tariff on imports of spring clothespins to the U.S. Concurring in a Tariff Commission finding that domestic industry was "injured" by rising imports, he raised the tariff from 10? per gross to 20? per gross, to give "appropriate relief," but rejected a recommendation for cutting imports...
...TARIFF FIGHT will erupt over President's power to accept or reject recommendations by Tariff Commission. At issue is recent vote by commission calling for import quotas on clothespins. President Eisenhower has twice before turned down such recommendations, but if he refuses a third time, protectionists in Congress threaten to gang up, strip him of "peril-point" veto in tariff cases...
...Full U.S. membership in the Organization for Trade Cooperation, international clearinghouse for tariff agreements...
...biggest barriers in the way of foreign investment in the world's underdeveloped countries is not to be found in the tariff regulations or the laws governing the convertibility of currency. It exists instead in the minds and emotions of those who need foreign investment most. But because they often tend to equate it with 19th century-style colonialism, they are reluctant to accept...