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Tariff Cuts Won't Affect Prices Yet Says Officials
Washington AP reports first phase of tariff reductions likely won’t trigger immediate price cuts. Officials foresee a lag of a year or two, with impacts mainly on expensive items. Cuts apply to about 6000 imported products, with an average 35 percent reduction, spread over five installments through 1972.
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William M. Roth
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United States
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John F. Kennedy