Word: tariffers
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...Western Europe seemed as irresistible as it was irreproachable. It appeared almost inevitable that Britain would be admitted to the Common Market and be followed rapidly by its Outer Seven trading partners, forming a new Continental community as rich and populous as the U.S. Then, armed with broad tariff-cutting powers under President Kennedy's Trade Expansion Act, the U.S. was prepared to negotiate with Europe the biggest, boldest liberalization of trade in Western history. From economic partnership, many statesmen believed, would come the political framework of an Atlantic Community. Tired of Concessions. How far this grand design...
...Europe has had its most traumatic effect on Washington, which ever since World War II has taken for granted that the U.S. and Europe have common ideals and interests. Last week, on the eve of a ministerial conference to discuss the scope and approach of the Kennedy round of tariff cuts, it was already plain that France is again determined to seek its own narrow self-interest, without regard for its Common Market partners and with every intention of blocking U.S. hopes of expanding trade with the new Europe. Indeed, as long as the Inner Six are splintered...
...given by retiring U.S. Ambassador George Kennan, Rusk paid a call on Tito in his Belgrade villa. Yugoslavia has some 1956 vintage U.S. military equipment for which Tito would like spare parts since 50% of Yugoslavia's commerce is with the West, it is worried about the rising tariff walls of the six-nation Common Market. Naturally, Tito raised the problem of "most favored nation" status which, if eliminated, could sharply boost import levies on Yugoslavia's $30 million annual trade with the U.S. Rusk could offer no assurances that the clause would be restored, since the decision...
...Minister than as a campaigner have so far been proved right. His new Cabinet met four times in the first week. Newsmen clogged the corridors scribbling furiously to catch all that was being said about new capital funds for regional development, new ideas to promote industry, new enthusiasm for tariff cutting in international trade. Buoyant and assured, he bounced on nationwide TV one night, and in a rare flight of inspirational rhetoric, promised Canada a government "to excite the daring, to test the strong and to give a new promise to the timid...
Brakes on the Boom. In the resulting traffic jam, producers, workers and customers are getting stuck. Brazil in just six years has built the world's ninth biggest auto industry, luring a dozen producers by giving them ample credit, tax and tariff help, and virtually banning imports of cars completely assembled abroad. But Brazil's current and belated austerity program is hurting its auto boom. Curbs on credit have cut back buying and wiped out the backlogs of orders; automakers have reduced production by 30% and laid off 3,000 workers. Argentina has attracted 26 auto companies...