Word: tariffers
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...same time, Ford made a conciliatory gesture aimed at keeping alive negotiations between the Administration and Congress. He agreed to put off for up to a month a doubling of the $1-per-bbl. tariff on imported oil that he imposed in February. But that is the less important of the two administrative actions that the President has been considering; the lifting of price controls on domestic oil would ultimately be far more costly to consumers...
...Little Time. Controversial as the decontrol plan is, Ford has at least avoided an immediate clash with Congress by delaying for a month the scheduled $1-per-bbl. increase in the tariff on imported oil. In February the President imposed the first $1-per-bbl. tariff and planned to raise it by another $2-$1 in March, another $1 in April. Congress swiftly passed a bill temporarily suspending the President's authority to post the increases. Ford vetoed the bill, but struck a compromise: he would defer adding the second dollar until May 1. As that deadline approached last...
Alarming Thought. Ford's accessibility has had an obvious influence on domestic decisions; his acceptance of the higher tax cut voted by Congress and his postponement of tariff hikes on imported oil were made easier by the advice he had been given. But critics feel that in the province of foreign policy, Henry Kissinger alone is in charge. After being reassured by witnessing the flow of diverse domestic advisers who met with the President, John Hersey was troubled to note that only Kissinger or his National Security Council deputy, Lieut. General Brent Scowcroft, gave most of the advice...
...introduce models now on the drawing boards that can compete more effectively on price and gas mileage. Meanwhile, some foreign-car sellers are beginning to wonder whether their share of U.S. sales may be increasing a bit too fast for their own good. Though Detroit has not asked for tariff protection, a recent statement by the Motor Vehicle Manufacturers Association said: "In America, which is in a truly deep recession, one question is how will we be able to continue to support the principle of free trade?" Leonard Woodcock, president of the United Automobile Workers, is trying to document...
...proposal calls for consuming nations to set a minimum or "floor" price for imported oil that would protect the investments of companies developing new energy sources from the risk of suddenly falling crude prices. The other would achieve the same objective by levying a common tariff on oil imported from outside IEA nations. The Europeans, for their part, are looking for another method of protecting investment in energy development that would be more flexible and thus better able to meet the varying needs and capabilities of the consuming countries...