Word: tariff
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...moment intend to use this fantastically over-simplified description to suggest that Britain throw itself immediately into Europe to make certain of its association with dynamism rather than with stasis. It would admittedly have to restructure or get rid of its high-tariff industries (the smaller ones are particularly vulnerable), to reconcile Labourites and housewives to a steep rise in food prices, and to impose a weird system of planning heavily favoring rapid-growth sectors. The food problem, which would arise as soon as Common-wealth produce were no longer able to enter duty-free, might possibly be mitigated...
...memories of past unity which the name of that city still evoked in Europe. A year later, France was in serious economic straits, and De Gaulle had come to power with scornful views on supranational ventures. Economists predicted gloomily that France would have to delay the first, crucial 10% tariff cut. But France met its commitments on time, and, under De Gaulle, continued as an enthusiastic Common Market partner...
Tentative moves toward tariff protectionism and "Canadianization" of U.S. enterprises in Canada come under Johnson's fire: "Protectionism is the first choice of a private-enterprise system that has gone soft from easy living." For Canada, says Johnson, protectionism will "yield profits to some Canadians but a loss to the country"-leaving Canada all the more poorly equipped to make its way in the modern international economy...
...said that U.S. capital spending abroad will amount to $4.5 billion this year-more than 20% above 1960-and he predicted that the upswing would be "accentuated" by any expansion in the Common Market. Not only will U.S. entrepreneurs feel a growing need to slip under Europe's tariff curtain, but they will find it easier to do. Instead of having to set up plants in each of two rival camps, a U.S. businessman will be able to sell to the continental Six from a subsidiary in Britain, and vice versa. Since the Common Market got going three years...
Before a breathless CBS-TV audience, Hearst Newspapers National Editor Frank Conniff and his editor in chief totted up the expense-account tariff for their "Task Force" crusades in Europe (TIME, June 30). On the three-man, three-week, 1955 Moscow junket alone, estimated Visiting Firebrand William Randolph Hearst Jr., the tab averaged $1,000 a day. "On the other hand," prompted Fellow Journeyman Conniff, "the caviar was good, and they had a certain liquid there that didn't hurt either...