Word: tariff
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...members carrying bamboo torches and placards reading "Ugly American" marched to Malacanang Palace, the Philippine White House. They noisily demanded abrogation of a U.S.-Philippine trade agreement that gives American interests parity in the ownership of Filipino land, resources and public utilities. But the agreement also grants the Philippines tariff advantages in its trade with the U.S., and Macapagal is wisely avoiding any battle on that score. When the demonstrators grew violent, presidential guards drove them back with rifle butts, and Macapagal admitted a delegation of student leaders to hear out their gripes. The students eventually apologized, and Macapagal shook...
Contact Man. Sindona is now president of seven companies, vice president of three and a director of twelve others. Along with protecting him against the winds of misfortune at home, his international complex has another purpose. Sindona is a dedicated free trader, believes businessmen can achieve tariff reductions faster than diplomats. "When enough European companies have interests in the U.S. and enough American companies have interests in firms in Europe," he says, "nobody will want to keep trade barriers up." To speed their fall, Sindona volunteers his services as a contact man and consultant without fee whenever he notices Italian...
...recommendation on the fact that the once powerful roads, though still making a profit, have suffered a "steady deterioration" in their financial condition. Reasons: a slower-than-normal population growth in the Great Plains and the decentralization of Eastern industry, which has drained them of many of the high-tariff finished goods that they formerly hauled west...
...Christian A. Herter, former U.S. Secretary of State, now chief negotiator in tariff talks at Geneva-LL.D. He has well represented America to the world, placing dignity of man above the narrow claims of nationalism...
...that GATT. Failure of the U.N. conference to produce a quick cure for trade deficits only strengthened the 62-nation General Agreement on Tariffs and Trade (GATT), the single permanent machinery for lowering barriers and expanding trade. GATT carries the hopes of industrial nations for freer trade, but is by no means ignoring less developed ones. In the continuing "Kennedy Round" of negotiations, GATT ministers aim for 50% across-the-board tariff cuts that would be extended to underdeveloped countries on a nonreciprocal basis...