Word: protectionists
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Dates: during 1950-1959
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...House Ways & Means Committee, moving two ways at once on foreign trade, reported out and sent to the House 1) an Administration-backed customs simplification bill, and 2) a protectionist bill, sponsored by Pennsylvania's Republican Richard Simpson, that would, among other things, impose tight quotas on oil imports and stiffer duties on lead and zinc imports...
...year and President Eisenhower asked for an appropriation of $500.000 to study the whole question of foreign trade, George Gallup sent his polltakers out to see how the trade winds were blowing. This week, Pollster Gallup announced his conclusion: the people of the U.S., long considered protectionist-minded, are no longer holding up the tariff walls. Gallup's interviewers reported that of 64% who have opinions on the question, 30% want tariffs lowered. 21% want no change, and only 13% want higher levies...
Other allies have also voiced their concern over the revival of U.S. protectionist policies. London is worried about possible hikes in U.S. tariff rates on motorcycles, bicycles, chinaware, tobacco pipes and wood screws. The Netherlands is worried about the prospects of selling its Edam cheese; Denmark has similar fears for its exports of Blue cheese, which add up to only a minuscule percentage of U.S. consumption but could pay for one-third of the coal Denmark must import from the U.S. each year. Peru, encouraged by Point Four officials to develop tuna fishing, feels threatened by the demand...
...protectionist pressure, if not held back, can play havoc with the weak economies of America's partners abroad, and the greater the dollar gap, the greater the peril to the free world's security. The New York Times last week proposed a change in U.S. slogans; in place of "Buy American" it suggested "Buy Free World...