Word: tariffers
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...only political but generational as well. George Bush and his closest advisers were raised in the Great Depression and seared by World War II, and they blamed both calamities in large part on what Bush called "those Smoot-Hawley days" -- a reference to the protectionist 1930 U.S. tariff that crippled the world trading system. Under Bush, says one of his former economic advisers, "the Europeans and Japanese knew that if they held out long enough, we wouldn't retaliate in any serious way, out of fear that we might trigger another escalation of trade barriers like...
...years, Canada sheltered its national identity behind tariff walls, most of which are gradually being ratchetted down to zero under the trade treaty. One consequence, TIME's panelists agreed, is that the country's economy is rapidly reorienting itself north-south rather than along the historical east-west lines from British Columbia to Newfoundland. Provincial jurisdictions that regulate everything from natural-resource extraction to pollution to stock-market rules are following suit. The outcome is a thickening network of business and government ties between separate parts of Canada and their neighboring U.S. states, which will result in complex transnational regions...
...scrap began when Washington threatened to add a 200% tariff (thus tripling prices) on white wine imported from Europe -- unless the E.C. agrees by Dec. 5 to extraordinary cuts in subsidies that encourage production of oilseeds. In the U.S. view, these subsidies unfairly limit export sales of American soybeans. But France is trying to stall any such reductions until after parliamentary elections in March. President Francois Mitterrand's Socialists face defeat as it is, but the anger of farmers with reduced incomes might cost them even more votes and seats than expected. Reasoning: it's better for a successor center...
Wecan already see inklings of this strange agenda in last week's announcement that the U.S. will place a 200 percent tariff on French wine...
...clients earlier this year raise questions about influence peddlers who volunteer their time. Last February, just a month after Lake joined the Bush campaign, the Canadian Forest Industries Council hired Lake's firm to "track legislation" and monitor "administrative activities." A month later, the Commerce Department imposed a 14.5% tariff on subsidized lumber imports from Canada under the terms of the U.S.-Canada free trade pact. During the next 10 weeks, Lake twice telephoned Clayton Yeutter, who was then White House domestic-policy adviser; in a conversation on May 10, Lake asked Yeutter to take a phone call from...