Word: tariff
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Parade the Mace. The fact was, Lucas told his colleagues, that Congress would have to get over its easygoing ways. "The people hired us to stay here the year round, if necessary. It is not like the good old days, when Congress could meet, spend three weeks on the tariff, pass a few appropriation bills and go home...
...special help from the U.S., in the hope of more later. Specifically, they would probably propose a larger British slice of the ECA pie for Europe, which OEEC is currently fighting over (see below); a freer hand in spending their ECA allotment; a cut in U.S. tariff duties on British goods, an easing of U.S. customs red tape, and permission to save dollars by discriminating more freely against certain imports from the U.S. (i.e., buying goods, instead, from America's competitors if they can furnish them more cheaply). Sir Stafford Cripps was still reported stubbornly opposed to devaluation...
...announced a 30% cutback, laid off 2,615 workers. Higher-cost Chilean-owned mines had already shut down or soon would. That would add several thousand more to the unemployment rolls. Meanwhile, in the U.S., the price drop brought cries from copper-state Congressmen for revival of the prewar tariff on U.S. copper imports. If it were reimposed, Chile would be shut from any big share of the U.S. market...
...their first panicky reaction, Chileans tore into the U.S. tariff talk. Santiago's La Hora protested that it "counters principles [of freer world trade] backed by the U.S. in Bretton Woods, Havana, and Bogotá." Government leaders understood that it was only one part of their problem...
...Videla put in a call to Manhattan, where Economics Minister Alberto Baltra, after attending a U.N. economic conference in Havana, was waiting to ship out for home. Acting on instructions, Baltra this week asked President Harry Truman to do what he could to scotch revival of the copper tariff. He also asked for a U.S. loan of $45 million for foreign exchange...