Word: pacts
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Dates: during 1970-1979
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...trade officials expect a major concession in return for their permissiveness: revision of the 1965 Canadian-U.S. automotive agreement. In seven years, the pact has helped turn a $658 million U.S. auto-trade surplus with Canada into an annual deficit of close to $200 million. Washington wants to renegotiate in order to aid the awful U.S. balance of payments situation, but the government of Pierre Elliott Trudeau steadfastly refuses. In consequence, economic relations between the two countries may be headed for a crisis...
Brief Happiness. The auto pact was concluded by President Lyndon Johnson and Prime Minister Lester Pearson to help give Canadian subsidiaries of Detroit's automakers a fairer share of the total North American market. Johnson and Pearson envisioned eventual free trade in cars, trucks and auto parts once the U.S.-controlled Canadian industry was strong enough to participate on an equal basis. To strengthen it, the two political leaders loaded the agreement with safeguards that favor Canada. Under its terms, Canadian-built cars have duty-free access to the U.S. market. But only Canadian manufacturers can bring cars built...
Border Rush. U.S. officials say that the pact provides an unfair trade advantage for Canada. To increase the sales of U.S.-made cars, they want to scrap the 1964 ratio and the tariff on cars imported by anyone but a dealer...
...higher taxes, a smaller market and other factors, Canadian-built cars retail for $200 to $800 more than equivalent models made in the US. The Trudeau government is afraid that Canadians would rush across the border to buy U.S. cars if the tariff were dropped. Finally, the auto pact has become a symbolic issue in Canadian politics and could affect the outcome of the federal election that is expected next June. Canada's auto-parts industry and its 120.000-member arm of the United Auto Workers are pressuring Prime Minister Trudeau not to budge. All together, the auto workers...
August 1968 was a traumatic month for all Czechs, but it was piquantly and privately so for Vlasta Gabriel, the young mother of two small children. Ten days after Warsaw Pact armies rumbled into Czechoslovakia. Vlasta's husband Bedrich, an electrician and occasional truck driver in Decin, bundled the couple's children into the family car and defected to the West. He eventually settled with his émigré mother in Yucaipa, Calif., (pop. 26,000) and died of lung cancer not long after. Vlasta plunged into a lonely, uphill custody battle for her son and daughter...