Word: trade
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Dates: during 1950-1959
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...declare war upon you-excuse me for using such an expression-in the peaceful field of trade . . . We are relentless in this, and it will prove the superiority of our system...
...Washington, the President measured his work load against a sudden desire to get into warm country, found the balance in favor of a long weekend vacation. With the special messages on education ($1 billion over four years to step up U.S. education in the satellite age) and on reciprocal trade (see Foreign Trade) dispatched to Congress, the only big hurdle was a Friday-morning breakfast speech to the Republican national committeemen. Taking the hurdle in stride, the President got off the kind of no-clichés-barred political pep talk GOPoliticians wish he had delivered the previous week...
...Capitol Hill last week President Eisenhower sent what may be 1958's most important-and most fiercely contested-Administration proposal. Due to expire on June 30 is the reciprocal trade act (real name: Trade Agreements Act), the charter under which the executive branch occasionally makes moderate cuts in U.S. tariffs if other countries make cuts in their tariffs on U.S. imports. The President asked Congress to: 1) extend the act for "a minimum" of five years instead of the usual three, 2) grant him the authority to cut tariffs as much as 10% a year-but not more than...
Passage of the bill without laming amendments, said the President, "is a must . . . essential to enable us to meet the latest form of economic challenge to the free world presented by Communism." But his request is likely to meet even rougher congressional opposition than the 1955 reciprocal trade bill, which escaped emasculation-by-amendment in the House by a single vote...
Died. Lawrence Henry Smith, 65, longtime (since 1941) anti-foreign-aid-and-trade Republican Representative from Wisconsin's First District (Racine, etc.); of coronary thrombosis; in Washington...