Word: tariffs
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Imitation of the regionalist pattern has already begun. Economically, regionalism has proceeded farthest in Europe. The European Common Market has completed its third stage of tariff reductions, accepted Greece as an associate member, and indicated a willingness to come to terms with Britain, the leader of the European Free Trade Area. European dreams of an integrated economy and independence in the Cold War may not be far from fulfillment...
...Outer Seven'' to counter the Common Market's "Inner Six," Finland was eager to join and make it eight. President Kekkonen, wary of riling the Russians, at first refused to broach the subject to Moscow. Only when the Outer Seven put through the first mutual 20% tariff reductions and Finnish lumber and paper exporters began to lose sales to Swedish and Norwegian competition did Kekkonen speak up. Khrushchev came to Kekkonen's 60th birthday celebration last September, shared a private sauna with the Finnish President, emerged to give his grudging consent for Finland to become...
...South Africa's chief of state.) At the airport Verwoerd reassuringly told a crowd of 20,000 Afrikaners that what had occurred in London had actually been a South African "victory." Obviously relieved by Macmillan's assurances that Britain did not intend to end its preferential tariff agreements with South Africa despite the Commonwealth split, Verwoerd seemed to have changed overnight from a lifelong Anglophobe to a bright, new Anglophile. Fondling a bulldog given him by a London "admirer," he spoke emotionally of his affection for Macmillan, explained that by leaving the Commonwealth he had actually done...
...recession on both Canada and the U.S. and the impact of new European trading areas on traditional North American export markets. Each nation presented a bill of complaint and in reply got amiable, if diplomatically vague, reassurances and explanations. U.S. delegates wanted to know about pending Canadian tariff revisions, Fleming's withdrawal of tax concessions for U.S. investors in Canada, and the probable recommendations of Canada's Royal Commission on Publications concerning the importation of U.S. magazines. Canada renewed a perennial request for removal of U.S. restrictions on lead and zinc imports and, pointing to Canada...
...TARIFFS. In his message to Congress on the balance-of-payments deficit, the President warned that "a return to protectionism is not a solution." In a loud hint to tariff raisers, Kennedy later refused to increase duties on imported twine and cordage. As a Senator from the twine-producing state of Massachusetts, Kennedy had testified in favor of higher cordage tariffs before the Office of Defense Mobilization...