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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - February 10, 1971, Lethbridge, Alberta 40 -THf lETHMIOGt HERALD Wednwdoy, February 10, 1971 Fears continue to grow of American trade war By ROLAND HUNTFORD London Observer Service BRUSSELS In the corri- dors of the Common Market Commission building in Brus- sels there hovers the growing fear of a trade war with the United States. To some of the officials it is acquiring a night- mare touch of inevitability; to others, it appears eminently avoidable. Representatives of the Com- mon Market, both in the Com- mission, and among the nation- al delegations of the six mem- ber countries (West Germany, France, Italy, Belgium, Hol- land and are adamant in their desire to pre- vent a trade war. The impulse, they all say, comes from the United States and, whatever past irritation or future provo- cation, they mil turn the other cheek as long as they possibly can. Momentary disadvantage and loss of face, runs the con- sensus of opinion, is an easy price to pay if the greater trouble of economic conflict can be forestalled. In the view of many Com mon Market officials, the United States is becoming dis- turbingly protectionist. T h Trade Bill put to Congress las year is now repeatedly cilec in evidence. But beyond it leading Common Market circle in Brussels profess to see a gather ing popular economi xenophobia which could fore restrictive legislation throug Congress and defeat sincer free traders in the U.S. Admini station. Even President Nixo who, it is believed here, sup ports free trade, and is un happy over protectionist trends will probably be unable to with stand the pressure. What complicates the situa tion and disturbs the policy makers in Brussels is a belie that there is in Washington articularly in the State De- lartment and the Department Commerce, a rising suspi- lon of Hie Common Market. On this interpretation, the Euro- >ean Community is regarded rom across the Atlantic as otliing more than a trading >loc. And with their historical dislike of such blocs, the Ameri- ans may be disposed to take retaliatory measures in what hey consider to be self-defence, f the EEC were indeed a pro- ectionist economic confedera- ion on the warpath, there might be grounds for such an attitude. But one is often as- sured here that this is not true. "I said a leading in- dustrial official of the Common tlarket Commission, "that the Americans are obsessed with he fact that we are a customs union, and threefore exclusive. ,Vhat they don't sufficiently re- alise is that the union was simply a means, a pretext il you like, to start the process of European unification. After all, history teaches us that the way to political goals generallj goes through economics. Bu economic cooperation has never been an end in itself. We are not protectionists; the custom; union was simply a device te in Brussels a genuine de- re to increase trade among le nations, and protectionism scarcely the most efficient leans. "We have nothing to gain.' aid one Common Market offi- ial, "an an awful lot to lose y a trade war. I should have Mught that the Americans j ld have seen by now that I development of the EEC las been to their advantage, 'heir exports to us have gone p by leaps and bounds and 'ou can't deny that it's due to he spectacular economic ad- vance of the European Com- munity. It would never have ieen so great without the in- egration generated by the Common Market." Since the establishment of the iEC in 1958, United States ex- rarls to the Common Market mve more than doubled; from million, they have risen o about million annually. And since the EEC has con- sistently imported more from the United States than it has exported, the Americans have lad an uninterruptedly favour- able balance of trade. Officials in Brussels claim that it is the Common Market which ought to be concerned with protective tariffs and import quotas, not the United States. There remains the question of world markets. Is there not the possibility of a clash there? Perhaps the Americans want to preempt a possibly dangerous rival. To this, Com- mon Market spokesmen reply that in the foreseeable future the difficulty will be not to find new customers but to supply a. rising demand. And even if there were difficulties ahead, they say, past experience ought to teach people, particularly the Americans, that restriction is no cure for recession. Join the IN CROWD1 at In just ONE WEEK over 275 Lethbridge Women are losing pounds and inches WHY AREN'T YOU! Read What Lethbridge Women Say 1 lost 12 inches and 3 pounds in just 6 visits. MRS. M. G., LETHBRIDGE, ALBERTA I lost 13% inches in just 4 days. MRS. G. 0., LETHBRIDGE, ALBERTA I lost 13 inches and 6 pounds in just 5 visits. MRS. J. S., LETHBRIDGE, ALBERTA Why not make it work for you? Call Today 327-4582 Open a.m. to p.m. GUARANTEED RESULTS If you do not receive desired results we will give you time in our clinic at no charge. SPECIAL OFFER COM- "YOU HAVE NOTHING TO LOSE _ BUT WEIGHT PLETE 4 MONTH PRO- I PHONE 327-4582 GRAM. NO CONTRACTS NO STRENUOUS EXERCISES NO CRASH DIETS NO DISROBING AS LOW U AS I PER MONTH WE ARE NOT A GYM OR SPA! IN LETHBRIDGE WE'RE' NO. 1 BECAUSE WE TRY HARDER! EATON'S 9 A.M. TO 9 P.M. THURSDAY storewide clearance i- PERSONAL SHOPPING ONLY, PLEASE NO PHONE Big Savings! Men's Winter Overcoats Regular 79.99 to 125.00. Heavier weight winter overcoats reduced 'way low for quick clearance. A variety of fabrics and QQ colours in single and double breasted styles. Sizes 38 to 46. CLEARANCE, each Men's Wear, Main Floor Men's Winter Jackets Regular 14 95 to 95.00. A grouping of casual jackets, all reduced to clear quickly. Wools, nylons, corduroys, leathers in styles for the young man and the mature man. Size range is M Qft broken but sizes 36 to 46 Jf CLEARANCE, each to Men's Wear, Main Floor Regular 2 95 to 12.95. Wool knits with leather palms, plain wool knits and leathers with or without linings all grouped together_for out- standing clearance. Broken range in assorted shades CLEARANCE, pair Men's Gloves, Main Floor Men's Dress Gloves ms, plai togethe 1.99 7.99 Men's Gloves, Main Floor Boys7 Corduroy Slacks Regular 6.98. A good wearing thickset corduroy slack imported from Czechoslovakia. Regular cut with wide belt loops, full top 4% J Q pocket, two back pockets. Completely washable. Colours: -S-flJJ tan, gold, olive. Sizes 10 to 18. Halp-Price. CLEARANCE, pair Boys' Wear, Main Floor Boys7 Sweaters Regular 3 95 and 4.95. Choice of cardigans or V-neck pullovers. Both knit from 100% ocrylic fibres which ore washable. Cardigan has two front pockets V-neck pullover has contrasting trim at neck. Sizes: small, 9 CO Bone China Dinnerware limited