Word: trades
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Dates: during 1950-1959
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Britain's dream of sharing a common cake while hoarding a few goodies of her own riled some of the Common Market nations. Fortnight ago during the French debate on the Common Market, Foreign Minister Christian Pineau flatly declared that a Free Trade Area which did not include agricultural products was unacceptable to France. The Danes and the Dutch felt the same way. In a less noble tone some continental economists insisted that Britain need not fear the Common Market plan so much since all signatories were equally sensitive to their own farm lobbies and had already built...
...that the first effects would not be felt for years, Dutch authorities gloomily predicted that increasing minimum wages and raising tariffs on raw materials purchased outside the Common Market would cost Dutch manufacturers $84 million in the next five years. French authorities, plagued by a dangerously unfavorable balance of trade, gloomily decided that, for the time being, they would have to disregard the fundamental principle of the Common Market, and temporarily restored import quotas on about 2,000 items that France buys from her European trading partners...
...that Germany can sell her manufactures in a tariff-free market of six nations and 160 million people, while Britain is walled out. Impelled by this vision, Prime Minister Harold Macmillan and Chancellor of the Exchequer Peter Thorneycroft last year proposed a plan for a wider Free Trade Area of 16 European nations-including the Common Market six-which would exchange manufactured goods free of tariff but keep national tariffs on agricultural products. This would allow Britain to continue giving imperial preference to agricultural imports from the Commonwealth, and enable her to escape an agonizing either/ or choice between...
Macmillan was more determined than ever to push ahead with a European Free Trade Area, linked with the six-nation Common Market. "This is an opportunity which we cannot miss," said Macmillan. "It may not come again...
...steel and retail trade, the picture was much the same. Republic Steel Corp., the nation's third biggest producer, estimated a record six-month profit of better than $51.5 million, expects to set new highs all around for 1957 as a whole; Jones & Laughlin Steel Corp. and Lukens Steel Co. both bettered last year's records, Lukens with a 16.2% jump to profits of $2,613,666 for the second quarter. Safeway Stores, Inc. reported a second-quarter profit of $7,390,260, some 33% better -than 1956, while Macy (R.H.) & Co., Inc. predicted sales for its fiscal...