Word: tariff
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...outsider, the 250,000 whites of Rhodesia would seem to have little need to declare independence from Britain. They seem happy enough as they are. The climate is marvelous, the soil fertile, the servants plentiful and the commerce thriving-thanks largely to Commonwealth tariff protection for their goods. Moreover, since Britain has allowed them a free hand in governing themselves since 1923, Rhodesians have no trouble whatsoever in keeping firm control over the colony's 4,000,000 blacks, only 60,000 of whom are even eligible to vote...
...opinion would protest the use of tommies to put down an Anglo-Saxon insurrection (Britain has not gone in for that sort of thing since 1776). Instead, what seemed to lie ahead was economic reprisals: the freezing of Rhodesia's sterling deposits, ejection from the Commonwealth and its tariff protection, trade boycotts or embargoes. All of which did not seem to bother former Finance Minister Smith. Indeed, despite the vulnerability of Rhodesia's $50-million-a-year tobacco trade with Britain, it was an open question as to how successful sanctions would be, though both...
...business community, protectionism still tends to be the cozy code of the owners of small, family-held firms; they fear competition from across the border and would prefer their old cartels to Common Market tariff cuts. But the leaders of the great corporations believe that they can compete well against their foreign counterparts and like the prospect of selling more to Germans or Italians. In the business magazine Entreprise, 20 of France's most prominent executives-including Pechiney's Chairman Raoul de Vitry, Rhone-Poulenc's Chairman Wilfred Baumgartner and T.S.F.'s (electronics) Chairman Maurice Ponte...
...nations, faces a long and frustrating delay at best and a lingering death at worst because the deadlocked Common Market cannot present proposals (due this week) for cutting duties on farm products imported by the Six. The U.S. insists on this condition before it will agree to cut industrial tariffs. Aimed at the deepest international tariff reductions in history, the Kennedy Round is going exactly nowhere...
...chief economic antagonist of the U.S. is, of course, Charles de Gaulle, whose goal is to make Europe look to France instead of to the U.S. Largely because of France's intransigence, the Kennedy Round of tariff-cutting talks in Geneva is deadlocked, dormant, and hopelessly behind schedule. The Common Market delegation in Geneva cannot complete its list of proposed tariff cuts because France has boycotted major meetings of the Six since July...