Word: tariff
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...bottled up in committee this year. Its existence, however, and the protectionist strength indicated by its list of sponsors, is having a negative effect on trade policy. The Nixon Administration is afraid to submit to Congress a much-needed bill giving the President authority to negotiate new tariff concessions because it might backfire by attracting protectionist amendments similar to the quota provisions of the Hartke-Burke bill...
...agreement with safeguards that favor Canada. Under its terms, Canadian-built cars have duty-free access to the U.S. market. But only Canadian manufacturers can bring cars built by their Detroit parent companies across the border without paying duty; individual Canadians importing U.S.-made cats must pay a 15% tariff. Also, the ratio of cars assembled in Canada to cars sold there must not fall below 1964 levels. Canadian plants were then turning out four cars of every seven sold...
Border Rush. U.S. officials say that the pact provides an unfair trade advantage for Canada. To increase the sales of U.S.-made cars, they want to scrap the 1964 ratio and the tariff on cars imported by anyone but a dealer...
...manufacturers to stay in Canada." Because of higher taxes, a smaller market and other factors, Canadian-built cars retail for $200 to $800 more than equivalent models made in the US. The Trudeau government is afraid that Canadians would rush across the border to buy U.S. cars if the tariff were dropped. Finally, the auto pact has become a symbolic issue in Canadian politics and could affect the outcome of the federal election that is expected next June. Canada's auto-parts industry and its 120.000-member arm of the United Auto Workers are pressuring Prime Minister Trudeau...
...will give up his seat on the Cost of Living Council and most other jobs concerning the domestic economy. That will undoubtedly please Ralph Nader, with whom Flanigan has clashed repeatedly. Besides overseeing the comprehensive trade policy drafted by Peterson, which could well lead to a "Nixon Round" of tariff-cutting negotiations (TIME, Jan. 24), Flanigan will continue to be a contact man between businessmen and federal agencies on some key issues. These include the possibility of relaxing antitrust laws in an effort to give U.S. multinational corporations the same kind of backing abroad that many Japanese and Common Market...