Word: tariffers
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Since the first meeting in May 1963, Kennedy Round negotiations have moved mostly in circles. The idea, advanced by President Kennedy, was to put through a big round robin of tariff reductions. But before they could present their own tariff-cutting package to the rest of the non-Communist nations involved, the Common Market countries had to settle all sorts of arguments among themselves. And as the Common Market kept calling time out, a deadline grew ever closer: the authority granted by Congress to the President of the U.S. to chop tariffs by 50% expires on June...
Last week in Geneva, at the Palais des Nations, the negotiating teams of 51 countries taking part in the Kennedy Round finally sat down to negotiate seriously. Present betting is that they will work out tariff cuts of 25% to 35% on most of the goods that make up the $184 billion in annual trade among nonCommunist countries. Said the chief U.S. negotiator, Ambassador W. Michael Blumenthal: "All the main participants now have the will to achieve agreement. There will be some cliffhangers, but I'm confident that in the end we will succeed...
...meeting not only settled the biggest outstanding problem among the Six, but it also removed the most important obstacle to the significant Kennedy Round talks at Geneva, which are supposed to negotiate worldwide across-the-board tariff cuts. These tariff conferences could not begin until the Common Market countries settled their own farm policies...
...biggest customer, Canada buys 25% of American exports; it sells the U.S. 70% of its exports. Canada might export even more, but many of its tariff-protected industries remain inefficient by U.S. standards, pay their employees less than similar U.S. workmen earn, and suffer a worrisome brain drain to the south...
...most original recent programs, the Teacher Corps and the Rent Supplements Bill. Moreover, these bills had to be so watered as to cripple them both. House Ways and Means Chairman Wilbur Mills, a weathervane of Congressional opinion, felt free to kill Johnson's bid to lower tariff's to Eastern European nations even before it could obtain a sponsor...