Word: tariffs
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...Penelope Hartland Thunberg, 47, an expert in international economics for the Central Intelligence Agency, to a vacancy on the U.S. Tariff Commission. A winner of the 1965 Federal Women's Award for outstanding Government career service, Dr. Thunberg was notified of her appointment only two hours before she went to the White House to be introduced during President Johnson's press conference...
...will also provide $400 million to finance a five-year Algerian industrialization program, and will supervise the building of petrochemical and steel complexes. The agreement calls for the establishment of a French-Algerian common market that would allow the countries to trade some goods duty-free, others at low tariff rates...
...serious trouble. A decidedly ineffectual administrator, Kadar confessed recently that, because of "unevenesses, difficulties and mistakes," scheduled improvements in farm and industrial efficiency had not materialized. Moreover, agricultural exports to Western Europe, Hungary's traditional market, are steadily being trimmed by the Common Market's rising tariff barriers. Thus, Kallai and Komocsin are plainly better suited than Kadar for such tasks as negotiating more favorable trade arrangements with the West; Brutyo and Gaspar have obviously been picked to boost labor productivity. They will have no easy job. Goldbricking and moonlighting have become the nation's favorite sports...
Japanese automakers, long secure behind high tariff walls, are bracing for a possible wave of competition from abroad after the country's import quotas are lifted later this year; this will be the first step toward lowering the restrictive 35%-40% duties on foreign cars. Under present tariffs and taxes, for example, a Volkswagen that sells for $1,250 in Germany is marked up to $2,600 in Japan. When tariffs drop, the increased competition could be rough...
...ECUADOR, opposition is mounting rapidly against the well-meaning but often heavyhanded four-man military junta - even within the military. Three weeks ago, after the junta decreed a series of stiff tariff increases, Guayaquil merchants went on a seven-day protest strike, immobilizing the country's industrial capital. The junta declared martial law, sent in troops to end the strike, and packed some 70 people off to jail, including two key air force officers who apparently sided with the civilians. The situation is not likely to be eased by forecasts of a 40% drop in 1965 banana exports because...