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Tariff Measure Sets Out Broad Schedule Changes
The measure revises duties across lumber, sugar, wool, metals, and textile goods with notable cuts on sawed lumber and iron products, increases on cotton hosiery and several luxury items, and imposes new tax rules for corporations and Panama canal bonds, with administration provisions and minimum maximum rate framework. The changes touch tea, tobacco, petroleum, and foreign-built yachts, while reforms aim to curb undervaluation and require manufacturer origin stamping.
MENTIONED IN THIS ARTICLE
Washington
Senate
Customs Court of Appeals
Internal Revenue
Conference Committee
Treasury
Wickersham
Secretary of the Treasury
Panama Canal
Canal
House
United States
Cuba
Knox
United “States