Word: protectionists
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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...
...within a single vote (38-37) of adding a quota on dairy imports to the same tax bill. House negotiators may well resist heavy pressure to agree to the textile quota in the Sen ate-House conference on the final form of the bill. Still, the rising strength of protectionist sentiment in Congress has brought serious threats of retaliation from a dozen countries...
...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...
...Trade expansion with Communist countries got nowhere, as Congress showed an upsurge of protectionist sentiment and even more hostility than usual to foreign aid. The aid bill was reduced $1 billion below the Administration request to $2.29 billion, its lowest level ever; renewal of the Export-Import Bank's charter and funding beyond June 30 was delayed; and there were a number of efforts to protect industries claiming injury by foreign competition...
...form of imperialism; that all this comes from the export of Mr. Galbraith's modern industrial state. A brilliant Frenchman, M. Servan-Schreiber, recently published a book about all this which he calls Le Deéuú Americain [The American Challenge; TIME, Nov. 24]. He rejects any protectionist or negative reply by Europe to this challenge. He recognizes that the challenge is inescapable...