Word: tariffs
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President Reagan is beginning to hear howls from Congressmen and lobbyists demanding protection against cheap imports. Motorola President John Mitchell has called for a 20% surcharge tariff on all foreign imports, and he is getting an increasingly sympathetic hearing on Capitol Hill. The Administration is also sensitive to the problems posed by the strong dollar. Conceded White House Chief of Staff Donald Regan: "We see the damaging effects, but we are puzzled as to how to get the dollar down...
...Says a senior Community trade official: "You can imagine what would have happened to Apple Computer if it had to fight such barriers in different American states." Economists estimate that Western Europe's patchwork of safety, design and technical standards represents the equivalent of an 8% to 12% tariff on all goods traded within the Community...
...International Trade Commission tossed an election-year grenade at the Reagan Administration last week. By a vote of 3 to 2, the commissioners recommended that the President impose sweeping new quotas and tariffs to protect many kinds of American steel products from foreign competition. In the case of semifinished steel, for example, the ITC suggested that a 20% tariff should be levied if imports exceed 1.5 million tons per year. Foreign shipments have captured about 26% of the American steel market. Trade experts estimate that the actions recommended by the ITC would keep imports...
...Turkey War continued into the Ford Administration. On October 11, 1976 (conveniently one month before the November elections) Ford imposed a quota on EC meat imports of 1.26 million pounds. After negotiations failed to solve the poultry trade conflict. Ford on November 29, 1976 raised the tariff on $13-a-gallon brandy from $1.00 to $3.00 and the levy on $9.00 brandy from...
...retaliation, the EC reached once again for its familiar weapon, turkey levies. Tariff levels on turkey drumsticks, legs, and quarters were increased 35%, 55%, and 40% respectively...