Word: tariffers
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Lesson for Lyndon. An immediate problem is the sorry state of the Atlantic Alliance, with all its attendant problems-the survival of NATO, the future of the proposed multilateral nuclear force, the existence of tariff walls between the Common Market and the U.S. Since mid-October, the U.S., Britain, West Germany and Italy have changed their leaders, a point that Charles de Gaulle, now the senior Western statesman in point of tenure, has not overlooked. A cartoon in the satirical French Weekly Le Canard Enchainé shows Pupils Erhard and Douglas-Home seated before Schoolmaster De Gaulle as Johnson...
...Council of Economic Advisers. His speech before Congress bore down heavily on the economic policies endorsed by John Kennedy-the tax cut, the stability of the dollar, the expansion of foreign trade. To Christian Herter, the chief U.S. trade negotiator, he restated his "strong support" for broad tariff reductions when the U.S. meets European nations at Geneva...
Aside from his longtime advocacy of tariff cutting (the U.S. "cannot be protectionist and prosperous"), Johnson is not known for strong expressions of economic philosophy. Much of his economic counsel in the past has come from fairly conservative businessmen and advisers. Among them: Robert Anderson, a Texan who was Dwight Eisenhower's Treasury Secretary and is now a limited partner of Wall Street's Loeb, Rhoades; George Brown, president of Houston's Brown & Root, one of the world's largest building contractors; and Manhattan's Edwin Weisl, a wealthy corporate lawyer and Johnson...
...Franzheim, and his staff have a central smugglers' file of 62,000 names, a list of 7,000 suspicious shipping agents and boat owners, and dossiers on 6,000 unreliable truckers. But, mourns Franzheim, "intellectual smuggling dominates today," and already the smugglers have found ways to beat the tariff collectors by falsifying customs declarations...
...must now decide whether to levy retaliatory tariffs on Common Market goods of the same total value-a move that might create a bad atmosphere for next May's scheduled round of tariff-cutting negotiations, at which the U.S. hopes to win broad mutual tariff reductions. For the moment, everyone was simply relieved at the chicken truce. "We are all glad it's over," said W. Michael Blumenthal, Trade Negotiator Christian Herter's deputy in Geneva. He was addressing an American Club luncheon in Geneva-at which the main course was French chicken...