Word: tariffs
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...rent adjustment fund will be of some help to those not on scholarships, but a revision of the current sent adjustment system might have worked just as well. In any event, the standard tariff removes one of the few remaining flexibilities in a student's budget, and that flexibility could have served both the student and the College...
...grazing on 3,500 Mississippi acres that are enriched by fertilizer from his chickens. Rogers lives in a 25-room house and trades in his white, air-conditioned Cadillac for a new model every year; but he is concerned over sales because the Common Market's recent high tariff rise has cut his exports from 250,000 Ibs. to 15,000 Ibs. a month. Complains Rogers: "We taught them how to fry chicken, and now they stab us in the back...
...history, the Common Market is growing exuberantly at more than 4% for the second straight year. Says one top Ruhr industrialist: "Though the vetoing of Britain was a deep and painful psychological shock, it has had no direct effect on our business." Nor has it affected Europe's tariff-cutting schedule. European governments in July, without fuss or furore, cut tariffs among their countries another 10%, bringing the total tariff reduction to 60% since the Common Market began...
...list includes wine (the biggest import item, about $22 million worth), brandy, Roquefort cheese and flower bulbs, but it leans heavily on merchandise made in West Germany, the chief market for U.S. chicken exports before the higher tariff. If they are retained on the list, trucks and buses (aimed at Volkswagen), stainless steel netting, electric razors, flat steel wire, scissors and shears will all be slapped with higher tariffs. The U.S. strategy: to show that it means business and to cut sufficiently into export sales of German industrialists so that they will be roused to oppose the powerful German farm...
Chicken Warriors. Washington's chicken warriors hope that the Common Market will take action before they have to put their retaliatory tariffs into effect. There seems scant chance of this, since Common Market officials have not even scheduled a meeting before the Sept. 15 deadline set by the U.S. The irony is that the outburst of transatlantic recriminations has come just when U.S. and Common Market negotiators had begun to make some progress at working out new and sweeping tariff cuts among 50 nations, scheduled to be made at the next meeting of GATT...