FOREIGN TRADE: A Word for Low Tariffs?

Dwight Eisenhower had hardly taken office ten months ago when he faced the first test of his "trade not aid" policy. On his desk was a recommendation from the Tariff Commission that he boost the import duty on low-priced brier pipes. Eisenhower, wanting more time and information, sent the recommendation back to the commission for further study. Last week he turned down the proposal.

It is true, said Ike, that the U.S. brier pipe industry is in a slump. Sales of pipes have dropped from 20.7 million in 1948 to 14 million, and employment and production are down. But the...

Want the full story?

Subscribe Now

Subscribe
Subscribe

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!