Word: tariffs
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...hunger and disease and ignorance," specifically through the programs carrying unmistakable Johnson-brand names-the International Education Act and the International Health Act. The President estimated that it would cost $1 billion next year to internationalize the Great Society. Beyond that, he spoke strongly in favor of cutting tariff barriers and of expanding U.S. trade with Communist countries in Europe-even though such a stand will certainly meet powerful opposition in a war-conscious Congress...
...mangrove swamps and jungled hills. So far, 47 factories there make products ranging from ships and socks to tires and toothpaste, and another 16 plants are abuilding. But the factories were designed to supply the federation's 11 million customers, and since the breakup Malaysia has erected high tariff walls against Singapore-made goods. Result: most factories have cut production drastically, are searching for overseas markets to take up the slack. They are plagued by strike-prone unions, face increasingly stiff competition from aggressive and more experienced manufacturers in Hong Kong, Japan and Formosa...
...truly new Europe seemed to take shape in the remarkable progress of the Common Market ever since France, West Germany, Italy and the Benelux countries signed the Treaty of Rome nearly nine years ago. As the tariff walls within the Six came tumbling down, trade doubled in a cornucopian flow of cars and caramels, typewriters and transistors, that made shops in the six countries part of one great international bazaar. The resulting boom fattened their gross national products by 38% since 1958 (v. 28% for the U.S.). Despite the erection of a common tariff against the outside world...
...nickel. France has protested strongly to the U.S., and negotiations are going on between the two governments. The U.S. does not seem to be in any hurry to compromise, however, so long as General de Gaulle continues to make trouble for NATO, the Common Market and the Kennedy Round tariff talks...
...Haekkerup to press his views with the ambassadors of Common Market countries in Denmark (which he immediately did). That was a timorous step. Still, it showed that EFTA's members, no less than the EEC's "other five," agree that Europe should keep striving to tear down tariff barriers and escape from the trade-poisoning atmosphere of economic nationalism...