Word: yeutter
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Suddenly the specter of an all-out trade war between the U.S. and the twelve- member European Community loomed larger than ever. In Palm Springs, Calif., where President Reagan was vacationing, U.S. Trade Representative Clayton Yeutter announced last week that the Administration was prepared to slam the door by Jan. 30 on more than $400 million worth of West European imports, including Italian white wine, French cognac and British gin. The Europeans came right back with threatened new barriers against such U.S. products as corn-gluten feed, soy cakes, rice and almonds. Yeutter spoke darkly of possible "major disruptions...
...tense negotiations that ran well past midnight last Friday, the ministers resolved their differences and successfully launched the "Uruguay Round" of trade talks. Up until the last minute, delegates were haggling over such sticky agenda topics as agricultural subsidies and restrictions on trade in services. U.S. Trade Representative Clayton Yeutter, who staggered back to his hotel room at 5:30 a.m. Saturday and got only two hours of sleep before boarding a plane home, was ecstatic at * the outcome. Said he: "The launching of the Uruguay Round is a major victory for the principles of free and fair trade...
...Administration sees the GATT round as a way to pre-empt Congress, since productive trade talks could open up foreign markets to increased U.S. exports. To cover every possible angle at the GATT session, the White House sent, along with Yeutter, a heavy-hitting team: Commerce Secretary Malcolm Baldrige, Agriculture Secretary Richard Lyng and nearly 60 other delegates...
...last week the U.S. and the E.C. proclaimed a cease-fire just before the first shot. On a TWA flight from Washington that arrived at dawn in Paris, U.S. Trade Representative Clayton Yeutter struck a last-minute deal with top E.C. officials. While the Community did not revoke Spain's new tariffs, it promised to take away their sting. The E.C. pledged that Spain would not reduce its imports of agricultural goods this year. The Portuguese measures, in any case, were not expected to have an impact until 1987. Satisfied that American farmers will not suffer any immediate losses, Washington...
...temporary accord will remain in place until Dec. 31. Meanwhile, trade officials will try to hammer out a permanent pact. "It buys time," concluded Frans Andriessen, vice president of the E.C. commission. Said a pleased Yeutter: "U.S. exports will be unharmed while we negotiate a fair settlement...