Word: protectionists
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...white Mercedes. Motherwell's lifestyle, his thought and his painting are much of a piece, and they have consistently served to remind American viewers that culture is a continuum, not a competitive race for the laurels of mere originality, that art builds on other art and that a "protectionist" attitude against European and specifically French art may be useful as a mask but involves a certain loss as well...
Nixon might have tempted foreign ranchers to sell more to the U.S. if he had permanently lifted the protectionist, inflationary import quotas. That action, however, would have been bad electionomics because it would have endangered his farm vote. But if prices do not taper off soon, the President may have to swallow hard and put controls on the prices that farmers charge. Farmers would undoubtedly howl that the Government was trampling on free enterprise. Yet they seldom complain about all the controls and subsidies that prop up prices in agriculture, which is one of the most highly regulated and protected...
...Tall, immaculately tailored, silver-haired and handsome-a sort of Florentine prince from Texas -Connally left the negotiators for great nations awed by his skill as a bargainer. His execution of a revamped U.S. international monetary policy was at once suave and tough; it was essentially his hard-line protectionist thinking that underpinned Nixon's devaluation of the dollar. Recently, in the face of some Cabinet uncertainty, Connally urgently backed the President's decision to mine Haiphong harbor. Yet last week, at the acme of his influence, Connally quit to return to Texas; he will be replaced...
When Congress debates foreign-trade policy, protectionist lobbyists are always on hand to reel off doleful statistics of plants closed and jobs lost because of competition from imports. At last free traders are acquiring some figures to throw back. In a study to be published shortly by the American Importers Association, Economist C. Fred Bergsten, a former aide to Henry Kissinger, adds up the bill that the U.S. consumer is paying for protectionism. His estimate: tariffs, quotas and other devices raise American living costs by $10 billion to $15 billion a year...
...glass, whose industries have been hurt by imports, are heavily overrepresented in the AFL-CIO, while workers in big exporting industries like chemicals and machinery are underrepresented. Fortunately, the dangerous Hartke-Burke bill is likely to be bottled up in committee this year. Its existence, however, and the protectionist strength indicated by its list of sponsors, is having a negative effect on trade policy. The Nixon Administration is afraid to submit to Congress a much-needed bill giving the President authority to negotiate new tariff concessions because it might backfire by attracting protectionist amendments similar to the quota provisions...