Word: tariff
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Dates: during 1960-1969
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Ceremony & Grand Cru. Humphrey arrived on the Continent in the same week that the last American flags were lowered at Rocquencourt, the NATO headquarters outside Paris on which French President Charles de Gaulle had posted an April 1 eviction notice. Simultaneously in Geneva, the Kennedy Round of tariff talks between the U.S. and the European Common Market were nearing an April 30 deadline with many problems still unresolved...
...than 50 reporters, staffers and Secret Service men and an argosy of silver bowls, spoons and forks to bestow on his hosts, Humphrey deplaned first at Geneva. From Kennedy Round negotiators he heard glum reports that the talks had reached an impasse over Washington's reluctance to lower tariffs on imported chemicals and European resistance to lowering duties on American farm products. Humphrey warned that if agreement was not reached by the deadline at month's end, the U.S. Congress-now in an increasingly protectionist mood-was not likely to renew the 1962 Trade Act that authorized...
...disarray, looking for new, mainly diplomatic functions. The political groupings, from the Council of Europe to the creaky Arab League, are mere debating societies. By far the most important and promising groupings are economic, and the model that inspires all of them is the Common Market. By bringing down tariff barriers within a vast community of 180 million people, the Market rejuvenated Europe, demonstrated the power of modified free enterprise in the face of socialist theory, and changed the balance of forces in the world...
When these two "escape clause" tariffs were first raised to protect U.S. industry from the squeeze of foreign competition, the reaction in Europe was, to say the very least, negative. In 1962 Belgium raised its duties on U.S. chemicals within 48 hours after U.S. duties on sheet glass were increased. In 1954 the U.S. raised its tariff on imported watch movements. Since then, the Swiss have threatened to allow no significant tariff reductions unless the U.S. eased its stand. Now both countries are pleased, and the European Economic Community as a whole is more hopeful of concrete achievements...
First, it gives the criminal the same kind of protection that a tariff might give a domestic monopoly; it guarantees the absence of competion from people who are unwilling to be criminal, and guarantees an advantage to those whose skill is in evading...