Word: tariff
(lookup in dictionary)
(lookup stats)
Dates: during 1960-1969
Sort By: most recent first
(reverse)
Aluminium comfortably skims tariff barriers because it is a low-cost producer, benefiting from Canada's lower-wage labor, devalued dollar and abundance of cheap electric power. Harnessing the remote Saguenay River, Aluminium cut into the trackless wilds of northern Quebec to build the dams that now power the smelter at Arvida (a contraction of Arthur Vining Davis). For the still bigger Kitimat power project in British Columbia, it carved a ten-mile tunnel into a mountain, created a waterfall 16 times as high as Niagara Falls and built a smelter with an awesome annual capacity...
Accepting the fact, EFTA-which was glued together in a defensive reaction to the Common Market in 1960-decided last week to speed up its timetable for internal tariff reduction in hopes of stimulating trade among its members. The delegates disavowed any intention of starting a trade war with the Six, for after all, the Common Market was still the biggest customer for EFTA exports. "We still regard the Seven as a sensible contribution to European unity," declared EFTA Secretary General Frank Figgures...
...reassure them, President Kennedy at his press conference last week took time away from policy splits in NATO and lurking Russians in Cuba to argue that the Trade Expansion Act-so widely hailed by business-was still a promising gate to open the Common Market's new tariff walls. The trade act presumed Britain's entry into the European Economic Community when it gave the President the power to wipe out tariffs on items in which the EEC and the U.S. control 80% of world trade. Without adding in Britain, few items come under the 80% rule...
...return for $1.2 billion). Moreover, without Britain the next Kennedy Round has lost the grandeur of negotiations between two trade blocs that could have set effective trade standards for the entire free world. The psychological effects of bargaining toward maximum cuts of only 50% may make the actual tariff slices smaller than they would have been...
Crucial to the success of the Kennedy Round will be the outcome of the debates over agricultural tariff cuts. Both the U.S. and Europe are archly protective of their farmers; agreements that might be reached with ease on manufactured items may collapse because cuts on farm produce cannot be wrapped into the package. This will be particularly true if the U.S. insists on lumping agricultural and nonagricultural commodities together...