Word: protectionists
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...felt that he had been had by the Nixon tactic. The bill whipped through the House, and on its way picked up provisions that would also have set quotas on shoes and many other products-thus inviting retaliation not only from Japan but from Europe as well. The highly protectionist bill was lost in a Senate logjam at the end of the last session...
...that Britain's role in Europe, through its proposed entry into the Common Market, could only benefit what he called the "natural relationship" between the U.S. and Britain, as well as "the Atlantic Alliance and the whole Free World." He indicated concern with Congress's inclination toward protectionist trade policies that could cut by 20% Britain's annual $2.2 billion in exports to the U.S. The two heads of government also issued a joint statement calling for the resumption of the Jarring Arab-Israeli talks. And they conferred about this week's U.S. decision to establish...
...anyone had proposed so blatantly protectionist a bill six months ago, free traders and consumer advocates probably could have rallied their forces quickly and buried it. The bill, however, took its present form gradually, as a result of a tragedy of errors made by everyone concernedPresident Nixon, House Ways and Means Committee Chairman Wilbur Mills and foreign governments...
...voice was never heard on Capitol Hillthe voice of the U.S. consumer. The consumer will pay the bill if the protectionist measure passes, and the price will be outrageous. Federal Reserve Board Governor Andrew Brimmer said last week that by 1975 consumers will be paying $3.7 billion a year extra for clothing and shoes alone. Reasons: Americans will not be able to get low-priced imports as easily as they now do, and prices of U.S.-made goods will rise faster because of less competition from abroad. The costs. Brimmer declares, will be borne disproportionately by the poor...
...tente in Central Europe means nothing without détente in Berlin, Brandt's government is insisting on progress in the Berlin talks. The agreement holds promise of a vast new market opening to the East. Today, with Japanese exports rising, and with the growth of protectionist tendencies in the U.S., the Communist markets are an attractive possibility...