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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - January 17, 1972, Lethbridge, Alberta Pressure on U.S. trading WASHINGTON (CP) Pressure on Canada and other United States trading partners to come up with trade concessions is intensifying here as the Nixon administration prepares legislation to devalue the American dollar for presentation to Congress in the first week to the proposition that Canada isn't going to get something for nothing. The problem is to find the best "something that will look well on both sides of the said one source. The Canadian negotiators appreciate Connally's dilemma in viewed is to-cusnj particularly on the 1965 Canada-US, auto agreement. The U.S. has been demanding that Canada give up so-called temporary safeguards that tilted the deal in Canada's favor. Canada has argued that without the safeguards. But as pressure mounts for Canadian concessions, some compromise on the auto pact seems inevitable. The argument against Canada is that while ottier countries revalued their currencies upwards as part of the deal, r> H Stasa, rf,