Word: adding
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Dates: during 1920-1929
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Valuation. The tariff imposes two kinds of duties: 1) specific; 2) ad valorem, based on the value of the imported goods. The flat rate of 6? per lb. on fresh beef, is a specific duty. The rate of 40% on wire rope is an ad valorem duty. The first is fixed, regardless of price; the second varies with the value of the commodity. On many items the tariff is a combination of specific and ad valorem rates. (Example: violins, specific duty of $1.25 each, plus an ad valorem duty...
Automobiles. The metals subcommittee of the Finance Committee heard potent motormen recommend a reduction in the automobile tariff from 25%, ad valorem...
Their mission: To defend or to abandon the 25% ad valorem tariff on imported automobiles, as specified in the tariff measure passed by the House of Representatives and now before the Senate. Their message: That the automotive industry would be well satisfied with a 10% duty. But countervailing duties* should be maintained and the 25% duty should remain on trucks, buses...
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...
...Ad 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...