Word: tariff
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...heralded as the greatest and most important tariff-cutting meeting in the history of world trade, but it began with the style and promise of a shotgun wedding. As 300 delegates from 66 nations gathered in Geneva last week for the long-awaited trade talks under the General Agreement on Tariff and Trade (GATT)- labeled the Kennedy Round because the late President gave them impetus -the air was heavy with torpor and reluctance. After more than a year of preliminary parleys that tried to lay a groundwork on which the conference could proceed, all the delegates had really agreed...
...French legislator said that the Common Market could not accede to American demands for large tariff reduction in the near future. This could only weaken economically America's European allies, he said, nonetheless expressing optimism about a limited tariff agreement within the next two years...
...Viet Nam by arguing that the country should be neutralized, recognized Red China. Last week he tipped three more bowls of hot porridge into the U.S. lap. In a single busy day, France moved toward a major new economic agreement with Russia, hinted that it might torpedo U.S.-supported tariff talks in Geneva this spring, made it clear that it will support the admission of Red China to the United Nations. Beyond all that, De Gaulle hopes to increase French influence in Latin America, where he plans to visit Mexico this month and several other countries in the fall...
...called for in recent agreements between the U.S. and Australia, New Zealand and Ireland. While Hruska's amendment appealed to some lawmakers on both sides of the aisle, South Dakota Democrat George McGovern noted that it "would cut the ground from under U.S. representatives" at forthcoming international tariff and trade talks, and the Administration was alarmed at its international consequences. Secretary of State Dean Rusk spent hours on the phone to Senate friends, and White House Legislative Aide Larry O'Brien's persuasion troops went into action. The amendment was beaten by a squeaking...
...Such nontariff trade restric tions as import quotas, indirect taxes and antidumping laws, which GATT members are also committed to consider, have little chance of being negotiated amid the complexities and confusion of the tariff debate...