Word: tariffs
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...closed-door meeting were House Republican Leader Joe Martin and Ways & Means Committee Chairman Wilbur Mills. Rayburn's grim warning to Weeks: the foreign trade bill faces total defeat in the House unless the Administration backs away from its insistence on a five-year extension and increased presidential tariff-cutting authority...
...first year, the Government would pay the miners of copper, lead, zinc, tungsten and fluorspar the difference between the market price and a set "stabilization" price. To Canada and the Latin American countries that export metals to the U.S., the Seaton plan is a welcome alternative to the tariff increases they face. The increases, plus cutbacks in imports, have already stirred up bitter feelings, as Vice President Nixon has found out on his South American tour...
...most U.S. metal producers the plan is merely a rear-guard action against the tariff increases that they feel are necessary. Anaconda's Chairman Clyde Weed called the subsidies "unfair and absurd." Said a Kennecott official: "I can't imagine the American taxpayer making contributions to Kennecott and Anaconda...
...singer, in an improvised lyric, referred to her broken romance with R.A.F. Group Captain Peter Townsend. At week's end she flew off for ten days in Tobago, British Guiana and British Honduras. Behind her, in Trinidad, Prime Minister Adams dug into the knotty problems-including overpopulation, unemployment, tariff and migration barriers within the islands-that the new nation faces...
...more serious complaint about the U.S. is American trade barriers. Chile last week was preparing to open sales talks with Russia because new U.S. trade restrictions have squeezed its outlet for copper. To make matters worse, the U.S. Tariff Commission last week recommended higher tariffs on imports of lead and zinc, which several Latin American countries export heavily...