Word: tariff
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...Encouraging Trade. As a result of the worldwide stagflation, protectionism is rising again. Prime example: the European Community, worried about the protectionist demands generated by its growing trade deficit with Japan, has asked the Japanese to restrain certain sensitive exports. Carter is expected to urge a revitalization of worldwide tariff-cutting talks that officially began in Tokyo in 1973 but have so far accomplished nothing...
...President faces his own pressures. U.S. shoe workers and factory owners are clamoring for a tariff that would reduce imports to their 1974 level. Makers of color TV sets are similarly demanding high tariffs that would keep out Japanese imports. The betting is that Carter will resist; he could hardly call for free trade at the summit right after caving in to protectionist pressure at home...
...Puerto Rico's Commonwealth status has worked in the interests of the United States. An outright colony from 1902 until 1952, it then became a self-administering colony inside American tariff walls and outside American tax laws. The idea was to postpone the decision about status, provide training in democratic self-government, and turn the island from a giant sugar plantation into an industrial paradise. All these projects, particularly the last, were fairly successful until the general depression hit Puerto Rico so hard that the government was reduced to advertising it as "Profit Island, U.S.A." in the Wall Street Journal...
...that now erodes up to 40% of export earnings of some Latin American na tions. Says Linowitz: "We're focusing on how to permit these people to go forward without being strangled by their heavy obligations." The commission report also condones two urgent Latin-American demands: lower U.S. tariff barriers to Latin exports and plans for stabilizing commodity prices...
...three years, but scholarship was too tame for his combative temperament. He took a job as vice president of Crown Cork International, a bottle-cap manufacturer. In 1961, he secured an appointment as Deputy Assistant Secretary of State for Economic Affairs. When the Kennedy Round of negotiations for tariff reductions got under way, Blumenthal was made chairman of the U.S. delegation. Instructions to be tough were superfluous; that was his natural style...