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...first formal declaration came at a summit meeting in the Azores with French President Georges Pompidou, long a critic of U.S. monetary policies, who argued for devaluation and an end to the 10% import surtax imposed by Nixon in August. Nixon was ready to agree. Then, at week's end, he stepped beneath the Wright brothers' 1903 biplane in Washington's Smithsonian Institution. Near by, the finance ministers of the world's ten greatest Western industrial powers had been meeting for two days to complete the latest round of negotiations begun after...
...could Canada's Pierre Trudeau. The 10% import surcharge that Washington sprang on its trading partners last August has hurt Trudeau; his political standing has been damaged by Canadian unemployment, hovering stubbornly at 6.6%, and by a steadily growing anti-American opposition. During his day of talks and dinner with Nixon last week, Trudeau's basic question, as one of his aides put it, was: "Are you going to push our heads under water each time we manage to surface?" Trudeau got presidential assurances that the surcharge was not permanent. Nixon compared Canadian dependence on U.S. capital...
...other major personalities and problems Nixon must deal with: POMPIDOU. The French have been the most stubborn opponents of Treasury Secretary John Connally's bare-knuckle effort to use the 10% import surcharge to press the U.S. case in the monetary imbroglio, and Pompidou is sure...
SATO. Nixon's sessions with Japan's embattled and embittered Premier Eisaku Sato will be his toughest. The Administration's overtures to Peking and the import surcharge both caught Sato by surprise, and they have soured the final months of Sato's exemplary political career. Ordinarily, Sato talks with Oriental indirection, but he is expected to be blunt in confronting Nixon with his suspicions that Henry Kissinger's master plan in the Pacific is for the U.S. to manage both Tokyo and Peking by playing the two off against each other...
...sometime plantation boss, Navy officer, newspaper reporter, FBI agent, import-export manager and Texas-based business-school dean flew into Washington to take on a new job. He became the U.S. price czar. C. (for Charles) Jackson Grayson Jr. found that the seven-member Price Commission he was to head had no staff, no permanent office and no secretaries; he had to ring up the Civil Service Commission in Washington to ask how to go about hiring. It was a situation suited to the take-charge spirit of 48-year-old Jack Grayson, who constantly advises associates that "someone...