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May Act On Tariff Bill Heads For Final Action
Washington lawmakers moved a compromise bill to extend the Reciprocal Trade Act for three years giving President Eisenhower power to cut tariffs up to 15 percent yearly and to lower duties by as much as 50 percent of value in exchange for concessions from other nations. House leaders saw little opposition as the Senate prepared swift passage with amendments adding safeguards for American producers and tighter escape clause provisions.
MENTIONED IN THIS ARTICLE
Washington
Eisenower
House
Senate
Eisenhower
Cooper
D-Tenn
Ways and Means Committee
Rep
Mills
Arkansas
Tariff Commission