Word: tariff
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Many independent marketers favor removing all restrictions on imports of foreign oil. President Nixon is unlikely to go that far, but he is expected shortly to replace quotas, at least temporarily, with a tariff system that would permit much more crude oil to be imported at higher prices. If that step is taken, Administration officials are convinced that the nation can get through the summer suffering nothing worse than localized gasoline shortages and some rise in prices. There is one major hitch: if refineries produce enough gasoline to meet peak demand this summer, they may have to curtail heating...
...Christopher also said that the Community will not make reverse preferences a condition of granting trade concessions to any country. In other words, the Common Market will lower or abolish tariffs against goods from certain friendly countries as it sees fit, without demanding that they grant the same breaks to Common Market goods. "Any Mediterranean country, any present associate [a nation that has an agreement with the Common Market], any new country will be free to use its own tariff sovereignty...
Mills' stated belief is that the U.S. should be "showing the way in international economic cooperation." To that end, he would give the President power to 1) raise or lower tariffs at his discretion, with the eventual goal of eliminating them altogether, 2) grant tariff breaks to developing countries, and 3) negotiate away such nontariff barriers to international commerce as discriminatory health and safety regulations, subject to congressional...
Many American officials and businessmen allege that if Japan ceased to maintain its so-called network of tariff and non-tariff barriers against...
Many American officials and businessmen allege that if Japan ceased to maintain its so-called "network of tariff and non-tariff barriers against U.S. goods," all trade problems between the two countries would be resolved. Such an opinion is obviously at odds with the facts. According to data from the General Agreement on Tariffs and Trade, Japan has a lower tariff level (11 per cent) than does the United States (10.9 per cent...