Word: american
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Dates: during 1960-1969
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When the Rolling Stones made their first U.S. tour in 1964, a British politician warned that relations with the States were bound to deteriorate. Mick Jagger and his pals never had quite that effect on Anglo-American affairs, but everybody soon knew what that politician was talking about. From the first, the Stones refused to play the performing game: they were scruffy, wore outrageous clothes, flashed no toothy smiles. Brazenly, they thumbed their noses at the adult world-and still rode the crest of a fantastic success. Ever since, the Stones' career has seemed a demonstration...
Nixon requested tough new powers to retaliate against countries that erect "unfair" barriers to American exports, or unfairly subsidize their own foreign commerce. Nixon also asked Congress for changes in current law to make it easier for industries, companies or groups of workers that have been hurt by imports to win relief through temporary import restrictions. "To be fair to our trading partners does not require us to be unfair to our own people," he said...
Second Try. As the Johnson Administration vainly proposed last year, Nixon asked Congress to end one venerable U.S. barrier to trade that is regularly cited by foreign governments as justification for their own barriers. That is the "American selling price," which allows duties on benzenoid chemicals used in dyes and vitamins to be set not on the price of the import but on the cost of making the same chemical...
...Administration is also asking for a "clear statement of congressional intent" on eliminating domestic protectionist devices, notably the 1933 "Buy American" legislation, which prevents the Federal Government from purchasing foreign goods unless the price is more than 6% below that of comparable U.S. products. Repealing the law would help the Administration to press foreign countries to end equally ingenious barriers to trade, including European border taxes, health regulations and artificial technical restrictions...
Much of Nixon's tough new trade policy bears the imprint of Commerce Secretary Maurice Stans, who calls it the first "fullscale attack" against "covert forms of protectionism which discriminate against American exports." In a talk last week to the National Foreign Trade Convention in Manhattan, Stans also promised U.S. exporters additional measures of practical aid. One would add some $750 million to the Export-Import Bank's funds. Exporters can now borrow only limited amounts at the bank's 6% interest rate, and must finance the rest of their sales with private loans...