Word: tariffs
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...program, however, is off to a bad start in Congress. The House Ways and Means Trade Subcommittee voted to deny duty-free status to Caribbean goods like shoes, handbags, luggage and leather clothing and to limit the amount of rum that could be imported without the imposition of a tariff. Last week two other House subcommittees barred any Caribbean nation from receiving more than $75 million of the $350 million extra-aid package. The Administration had earmarked $128 million for strife-torn El Salvador, nearly twice as much as for any other country. One of the panels also insisted that...
...average of 80? per lb. Main reason: buyers were turned off by high prices and knocked shrimp off their shopping lists. American shrimpers, who still practice their trade in boats, do not like the lower prices and tough competition. They have been making protectionist rumbles in Washington for a tariff on imported shrimp, but thus far to no avail...
...beginning of the end for détente came in 1974, when Democratic Senator Henry Jackson of Washington championed legislation making freer Jewish emigration from the U.S.S.R. a precondition for tariff concessions on Soviet exports...
Their recommendations don't stop there. Greatly expanded strategic reserves and private stocks of oil-managed internationally, for the first time-would ease the threat of Middle East embargoes by allowing allies to draw down stocks. A "disruption tariff," imposed the moment imports seemed threatened, would steel U.S. consumers and muffle and embargo. Diversifying Western imports would also weaken its impact. Standby lines of credit for importing nations would ease inflation's increase in the aftermath of a cut-off. And coordinated international demand restraint and stockpile sharing, run by an effective international agency, would spur consumer solidarity against OPEC...
...autoworkers, along with the Ford Motor Co., also protested against foreign cars last week in hearings before the U.S. International Trade Commission. The union and Ford demanded that the number of Japanese imports, now running about 2 million a year, be cut by a third and that the tariff on foreign cars be increased from 2.9% to 20%. Representatives of the Federal Trade Commission said that higher tariffs or limits on Japanese imports would cost U.S. consumers at least $3 billion a year while preserving at most 69,000 jobs for American autoworkers. The FTC estimates that those steps would...