Under an escape clause in the 1951 Reciprocal Trade Agreements Extension Act, U.S. industries that feel themselves injured or threatened by increased foreign imports may appeal for relief through higher tariffs. With a single exception (alsike-clover seed from Canada), President Eisenhower has consistently rejected such appeals in favor of the nation's overriding interest in freer trade.
Last week the President made another exception, granted tariff increases up to 50% on Swiss watches. The new rates apply to nonjeweled watches and watches containing not more than 17 jewels, and increase the duty...
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