Word: protectionists
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Dates: during 1960-1969
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...wine than France. Last week, as the Common Market prepared to take the historic step of eliminating all remaining internal tariff barriers, the French acted according to form. Faced with a worsening balance of payments problem, Charles de Gaulle's government marred the milestone by announcing a protectionist package of import quotas and export subsidies...
...force them out by running cockroach inspections for health hazards or something." Responds Makati's mayor, Maximo Estrella, 62: "I don't care what Villegas thinks. They are welcome here as long as no national law is passed banning them." Given the protectionist feelings of many Filipinos, enactment of such a law is an ever-present possibility. In the meantime,' however, Manila's loss is plainly Makati's gain...
...specific postwar period came to an end with the Kennedy Round. "Our task is to secure this achievement," he says, "like a mountain climber secures his foothold." It will be a difficult task, since U.S. legislators, prompted by shrinking markets for U.S. goods, are already considering a score of protectionist measures (TIME, April 12). Such measures would invite retaliation and the resulting dustup could undo years of bargaining almost overnight...
Well aware that the U.S. trade plight may only strengthen the protectionist mood in Congress, 16 industrial countries* last week offered some extraordinary help. They volunteered to speed up a portion of their scheduled Kennedy Round tariff cuts while allowing the U.S. to delay its own cuts. This tariff advantage would give the U.S. trade balance a lift through 1969 estimated at $300 million...
...grant full Kennedy Round cuts by next Jan. 1 instead of holding to the original five-year timetable. Canada, Denmark, Norway, Sweden and Switzerland have notified Washington that they are amenable to similar steps. All these concessions, however, hinge on the Administration's ability to thwart new protectionist moves by Congress...