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Quota On Oil Imports Favored In House Bill
House tax writers endorsed a protectionist bill to keep quotas on foreign oil and other imports under national security rules. The plan would let the president set quota levels and expand controls, while a Cabinet panel split on switching to tariffs for oil. The move sparks talk of a possible trade war amid rising protectionism, with footwear groups warning costs could rise if quotas take effect.
MENTIONED IN THIS ARTICLE
Washington
House
House Ways and Means
Congress
Ways and Means Committee
Ways and Means
U.S
Nixon
American Footwear Manufacturers Association
Association
Hadley Griffin