Word: valorem
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Automobiles. The metals subcommittee of the Finance Committee heard potent motormen recommend a reduction in the automobile tariff from 25%, ad valorem...
Automobiles. A movement within the committee was started by Pennsylvania's Senator Reed to reduce or eliminate the 25% ad valorem tariff on motor cars. Theory: this U. S. industry, with its huge exports, no longer needs protection. Motormen Henry Ford, Alfred Pritchard Sloan Jr., Alvan Macauley (Packard, National Automotive Chamber of Commerce) and Walter C. White, were among those invited to step forward and give their views on this change. When they failed to make prompt response, there was committee talk of subpoenaing them...
...free list brick was made dutiable at $1.25 per 1,000. A tax of 8¢ per 100 Ib. was laid on cement. While fir, pine, spruce and hemlock were retained on the free list, other kinds of lumber were put under the tariff, with cedar shingles paying 25% ad valorem. The Oregon shingle industry asked for protection against Canadian imports. Chairman Hawley of the Ways & Means Committee, also of Oregon, saw that it got what it wanted. Quick came the claim that the farmer's new profits under the bill would be immediately absorbed by increased costs in building material...
...Valorem. The valuation of imports under the new bill cropped up as a controversial problem. There are two bases of valuation, foreign and U. S. By and large the new bill retains foreign valuation, i. e., the value the foreign producer sets upon his article, or the price for which he sells it in his own country. But cunningly woven into Administrative language is a new threat against foreign producers who undervalue their imports to cheat the U. S. tariff. If the U. S. appraiser is not satisfied with the foreign valuation placed on an article for import...
...Continent. Citroen, leading continental mass-producer, cannot turn out a car that will undersell the Ford in France, though Fords cost 25,700 francs ($1,008), about double the American price. The cheapest Chevrolet model sells for 30,400 francs ($1,191). France's 45% ad valorem duty largely accounts for these prices. Even with this duty, it is estimated that General Motors' projected cheap car for the Opel Works could be sold in France at about 16,000 francs ($627). Thus the Opel-General Motors deal seriously threatens Ford in the French, as well as German, markets...