Word: tariffers
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...worth $1.4 billion) go to the Common Market, where-as always when farmers are involved-there are noisy cries for protection. So far, the Common Market works well for industry, but it has never been able to come to agreement on farm prices. The protectionists are determined to raise tariff walls high enough so that Europe will become virtually self-sufficient in agriculture...
Fearing that the increase in chicken tariffs is just the beginning of further bars against U.S. agricultural products, the U.S. has chosen to make it a test case in which to insist on American rights to a place in the Common Market food basket. It has urged the Common Market to rescind the chicken-tariff hike-which has cut U.S. chicken sales by two-thirds since last year. The Eurocrats on the Common Market Commission were willing to compromise, but were blocked by the Council of Ministers, who represent the six individual governments...
Cold Fire. Italian refrigerator makers have become so efficient that last year they grabbed 22.5% of refrigerator sales in France, which quickly forgot the togetherness of the Common Market and threw up temporary tariff walls. Such firms as Fiat, Zanussi, Zoppas and Indesit have cashed in on the ice-cube boom by turning to making refrigerators, but none of them have been able to match the success of the Ignis Co., which has risen from obscurity to become Italy's biggest refrigerator producer. With sales of $65 million (a third from exports), Ignis now accounts...
...week the U.S. Commerce Department reported that U.S. capital investments in Western Europe during the first quarter of 1963 rose to $416 million-double last year's quarterly average. The Common Market economies are moving closer together, and last week the Six carried out another scheduled 10% industrial-tariff cut among themselves, bringing their total tariff disarmament to 60%. Equally important, the Common Market Commission recommended that its members adopt another major unifying proposal by Commission Vice President Robert Marjolin of France...
...useful items." After U.S. scientists at Bell Telephone Laboratories developed the transistor, Sony became the first non-U.S. company to make transistor radios. Older and bigger Japanese companies soon began competing with the upstart, but Sony held its own by successfully invading the U.S. market despite a 12.5% tariff...