Word: gattes
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...GATT Passes...
President Clinton signed the historic General Agreement on Trade and Tariffs today, launching U.S. entry into a 123-nation trade accord to slash import tariffs here and abroad. But he did so over vehement protests from critics who say GATT will undermine American labor by ending penalties against the products of low-wage workers from other countries. "Hey, Bill! You're selling out!" a man with a megaphone outside the Organization of American States shouted as Clinton arrived for the ceremony. Clinton's reply to the public: "We must never run away from the world." The treaty cuts global tariffs...
Dole didn't get everything he asked for, but he got enough. Four days later, last Wednesday, he stood basking in the sun in the White House Rose Garden as praise for his decision to support GATT washed over him in waves. "I want to thank you personally for all your kindnesses," Kantor gushed. After expressing his own "appreciation" for Dole, Clinton excused himself, leaving the man he may face in the 1996 presidential election in effective control of a White House press conference. "It was a little sickening," a White House official admitted afterward, "but at least it showed...
...Make a GATT Deal...
...GATT world-trade pact got a big boost when Republican Senate leader Bob Dole and the White House came to terms on changes to the treaty. To garner Dole's support and assuage his concerns about American sovereignty under the pact, the Administration agreed to create a review panel that would monitor the fairness of trade-dispute decisions, which will be adjudicated by a newly created body called the World Trade Organization. If the American review panel feels the U.S. is regularly getting a raw deal, it could formally recommend withdrawal from the treaty. The efforts of Dole and some...