Word: trades
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Dates: during 1950-1959
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RECIPROCAL TRADE: Dulles and Commerce Secretary Sinclair Weeks said the Administration will ask a five-year extension of the Reciprocal Trade Agreements Act with its authorization for the President to cut tariffs by as much as 5% a year. Speaker Sam Rayburn, recalling that the Administration's 1955 request for a three-year extension had barely squeezed through the House, warned that foreign trade next year will require a herculean Administration effort...
...take a worm's-eye view of the world conflict and cut foreign aid, hamstring reciprocal trade and emasculate our information program, I can tell you that the billions we spend for missiles and submarines and aircraft will be going right down a rathole. And mark my words, if the Communists gain control of the people and resources of the uncommitted nations of the world, they will hold the whip hand...
...Atlantic City's Convention Hall last week, 879 delegates representing the massive A.F.L.-C.I.O. met with scarcely more than one piece of meaningful business to act upon. The big organization (more than 15 million workers) was clearly a disordered house, thanks to the loss of public confidence in trade unionism engendered by revelations of corruption in the Teamsters Union and other unions. The business: whether or not to boot out the mighty Teamsters (1,400,000 claimed members), who had arrogantly elected Tough Boy Jimmy Hoffa their president (TIME, Oct. 14). Under the relentless prodding of President George Meany...
EUROPE'S COMMON MARKET is running into opposition from free nations in Africa, Asia and Latin America. At annual meeting of 37-nation General Agreement on Tariffs and Trade (GATT) these countries protested because common market plans to eliminate tariffs on imports from its own members' overseas territories, but maintain steep tariffs on other imports. Thus, French and Belgian territories in Africa would get much of the brisk European tea, coffee and cocoa trade now dominated by India, Ceylon, Indonesia, Brazil, Ghana...
...missile secrets, with numbers of men and methods of military defense. There will be nothing said about France and Algeria, or Britain and Cyprus, or the U.S. and its China policy. There will be a conspiracy of silence against the urgent economic problems which face the free world--the trade barriers, the need for world markets, aid to neutral nations and underdeveloped countries. The politicians will labor next week under the old delusion that wars are won on battlefields alone...