Word: protectionists
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Aside from his longtime advocacy of tariff cutting (the U.S. "cannot be protectionist and prosperous"), Johnson is not known for strong expressions of economic philosophy. Much of his economic counsel in the past has come from fairly conservative businessmen and advisers. Among them: Robert Anderson, a Texan who was Dwight Eisenhower's Treasury Secretary and is now a limited partner of Wall Street's Loeb, Rhoades; George Brown, president of Houston's Brown & Root, one of the world's largest building contractors; and Manhattan's Edwin Weisl, a wealthy corporate lawyer and Johnson...
...first top-level meeting since February. The reason is that Britain's government has accepted the fact that it will probably not enter Europe during De Gaulle's lifetime-and, if the Common Market should stagnate, may never join. France's design for a narrow, protectionist, third-force Europe has had its most traumatic effect on Washington, which ever since World War II has taken for granted that the U.S. and Europe have common ideals and interests. Last week, on the eve of a ministerial conference to discuss the scope and approach of the Kennedy round...
...studies) of each sector of Common Market indus try. "It is not desirable that important sectors of the Common Market's economy depend on outside decisions." he said. France, he made clear, not only wants to build an economic wall around Europe, but to put up some protectionist barbed wire on top against anyone tempted to leap over the wall...
...billion a year, in return accepted U.S. tariff cuts on Common Market exports amounting to only $1.2 billion. Because its six member nations rely on foreign trade for one-third of their gross national products, Common Market President Walter Hallstein says: "We simply cannot afford to be protectionist...
That's when the great chicken war began. The Dutch accused the U.S. of dumping chickens in Europe at prices below cost of production. In Bavaria and Westphalia, protectionist German farmers' associations stormed that U.S. chickens are artificially fattened with arsenic and should be banned. The French government did ban U.S. chickens, using the excuse that they are fattened with estrogen. With typical Gallic concern, Frenchmen hinted that such hormones could have catastrophic effects on male virility...