Word: tariff
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Other German attempts to prop coal have also flopped. Last February Bonn put a $4.76-per-ton tariff on all coal imports exceeding 5,000,000 tons a year, mostly from the U.S. That only irritated U.S. producers. The tariff halved imports from the U.S. to 3,100,000 tons in the first six months of 1959, but German surpluses went up by almost 5,000,000 tons...
...production of the uneconomic coal industry, rather than the fast-growing, efficient oil industry. West German miners dig only two tons a day (v. twelve tons for a U.S. miner), and domestic coal still sells in German port cities for $4.75 a ton more than U.S. coal, despite the tariff. West German coal production of 132 million tons a year far exceeds its needs, and its exports are heading down because surpluses in France run to 11,100,000 tons, in Belgium to 7,900,000 tons...
...last year KLM collected $29.4 million on 86,225 U.S. passengers, while Pan Am got only $1,700,000 from 2,842 Dutch passengers. While cutting into U.S. markets, foreign carriers are strengthening themselves against inroads into their home territory; e.g., European carriers got I.A.T.A. to place a special tariff on transatlantic jet flights because they do not have jets to compete with the Boeing...
...cuts down the labor force (e.g., the sugar industry now employs 17,000 workers as compared with 55,000 in 1932). A system of state parks and development of small industry on the outer islands will help promote new tourism and new residents, with enough money to pay the tariff...
...world's largest manufacturer of an unlikely combination of products: self-locking aircraft nuts and women's hairclips. Last week, with sales humming on four continents at the rate of $15 million yearly, Kaynar opened a new plant in France to take advantage of the low-tariff common market...