Word: tariffs
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...cushion the economic impact" of sudden decontrol, Ford announced he will remove a $2-per-bbl. tariff on imported crude and a 60?-per-bbl. fee on foreign refined products. That will cut the selling price of foreign oil to American consumers from its present $14.50 per bbl. and in effect lower the market ceiling toward which domestic oil prices could rise. If Congress overrides his veto of the controls extension, Ford has threatened to reinstate the tariff...
Last week the U.S. court of appeals in Washington ruled that Ford had exceeded his authority by imposing the tariff and fee in the first place. White House lawyers will challenge the ruling, even though the President intends to drop the levies anyway, because 1) the Government would like to hold on to some $1.2 billion already collected or due to be paid in import fees, and 2) Ford wants his authority to impose oil tariffs clarified. If the U.S. Supreme Court decides to take on the case and upholds the ruling, the Treasury will have to refund...
...soften the blow, the Administration intends to drop its $2 per bbl. tariff on imported oil. Congress is almost sure to extend through next year $9.4 billion in tax cuts enacted for 1975, and the Administration will have little choice but to go along. Still deeper tax cuts might be needed too. To get them enacted, the White House and Congress would have to muster a far greater willingness to compose their differences than is indicated by the long and sorry record of their wrangling over energy...
...established a "special relationship" with the Jewish state. In compensation for the horrors of the Holocaust, the West German government has paid reparations to Jews of more than $20 billion, including $800 million to Israel itself. Recently Bonn took the lead in Common Market deliberations that led to tariff preferential on such Israeli products as oranges, chemicals and electrical products...
Congress's failure to legislate any tough energy program puts the burden on the Ford Administration, which has already doubled its tariff on imported oil, to $2 per bbl. But an argument broke out within the Administration over that scheme. Commerce Secretary Rogers C.B. Morton, who has a habit of dropping bombshells at breakfasts with reporters, let go another last week. Shortly after the orange juice, he confided that he might recommend scaling down or scrapping the tariff boost if OPEC does in fact raise prices. Morton's comment was repudiated immediately by Federal Energy Administrator Frank Zarb...