THE TARIFF: Valuation & Flexing

Question: "Is it true . . . that manufacturers care nothing about the rates in the Tariff Bill as long as they can get what they want in the administrative sections?"

Answer: "Well ... I think I can say that is true."

That was the note on which, last week, the Senate Finance Committee closed its public tariff hearings. The Democratic members of the committee were politely ushered out while the Republicans in their shirt sleeves huddled themselves down to the task of redrafting a tariff measure to be presented to the Senate a month hence.

The Question above was asked by Utah's...

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