Word: tradings
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Dates: during 1940-1949
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...case was sketchily made by Nevada's George Malone, who waved a Japanese-made Kewpie doll and shouted across an all-but-empty Senate floor: "We are importing unemployment." Ohio's forthright Robert A. Taft got down to fundamentals. "The issue is whether we believe in free trade or we don't," he said bluntly. "I do not believe in free trade. I agree that the whole world would be better off on the average. But the U.S. would be worse off. We would average down, as the others average...
...peril-point" procedure added to the bill last year by the Republican 80th Congress. Under this provision, the Tariff Commission determines how far a tariff can be reduced without "threatening serious injury" to the U.S. industry concerned. The President can go below the peril point in negotiating reciprocal trade treaties, but if he does, he must publicly report his reasons to Congress...
...voted down. One offered by Wisconsin's Joseph McCarthy to put quotas on Russian furs was defeated only after a tie vote was broken by Alben Barkley, exercising the Vice President's prerogative for the first time. Then the Senate approved the bill itself, extending the reciprocal trade program for two years by a thumping 62 votes...
...Freer Trade? All the dislocation and hullabaloo would be amply balanced if devaluation accomplished its immediate purpose: a breathing spell for Britain. Beyond that lay an even more important goal: freeing trade from phony exchange rates. The $4.03 pound was phony because a pound would not buy in Britain as much as $4.03 would...
Yugoslavia. Both agreed that it is right and expedient to exploit Yugoslavia's break with Moscow, by trade agreements and small loans to Tito, keeping a sharp eye on the dictator all the while...