Word: tariffs
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Dates: during 1960-1960
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...over two years, British hostility to the Common Market has troubled relations between the NATO nations. That hostility has sometimes been less than candid. The British argued that by erecting a unified tariff wall against outside nations, the Common Market Six would throw a spanner into intra-European trade. What they really meant was that Britain's exports to the Six would be hurt. Even when they formalized the economic division of Western Europe by organizing the rival but looser seven-nation European Free Trade Association, Britain's leaders insisted that all they were trying...
Creating Competition. Not many of the pleas for quotas or tariffs are likely to be heeded. The Administration and U.S. industry have learned that a quota or tariff system favoring one group usually brings new competition from another. Says a top Commerce Department official: "The inevitable result of controls is for U.S. importers to seek new sources of supply." Although the Japanese voluntarily limited their shipments of cotton goods to the U.S. in 1957, imports continued to rise. Last year they reached $202.3 million, v. $150.2 million in 1958. Japan's share of the U.S. market last year dropped...
...tobacco industry, which ships 25% of all its exports to the six Common Market nations, faces a 30% tariff this summer. The common tariff, when fully applied, will be three times higher than the group's present average. Although cigarette consumption is rising throughout the world, U.S. makers have been hit by tariff increases or outright bans on imports by 65 nations during the past three years. Venezuela, traditionally one of the U.S.'s biggest cigarette customers, has banned cigarette imports...
What Macmillan was objecting to was the speedup in the Common Market's plans to lower its internal tariff walls while raising barriers against other traders. A plan before the Common Market already proposes to chop internal tariffs 20% in July instead of the planned 10%; at the same time, external tariffs in West Germany and the Benelux countries, with which Britain does $850 million worth of trade annually, will rise sharply. Macmillan's fear was that the move would only widen the gap between the Common Market and the Outer Seven, divide Europe into two economic camps...
When he has wrecked the Oriental T-bird on a quick-built brick and mortar tariff wall, Business Man moves on to do battle with Collective Man. They square off and slug it out with slogans. Collective Man lands two left hooks: "The irresistible historical momentum of the workers' movement" and "the forward thrust of Soviet science." Business Man fights back with collective bargaining and the eight-hour day, follows up with everything from recovered space monkeys to the thinking man's filter. Momentarily victorious, he says: "Come back next week to see how I straighten out that...