Johnson travel curb plan dampens airline optimism
President Johnson proposed new limits on travel outside the Western Hemisphere, urging two years of deferral for nonessential trips. Airlines and travel agents report gloom as some fear higher costs and fewer travelers. yet optimism surfaces for domestic and Caribbean travel. Foreign tourist volume last year exceeded one million, Americans spent two billion more abroad, and Trans World Airlines tied revenue to international routes.
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Sally Ryan
New York
Johnson
Caribbean
Latin America
Congress
Western Hemisphere
Barry Brilliant
British Overseas Airways Corp
United States
Europe
Trans World Airlines
Africa
Asia
Washington
James C
President Johnsons plan risks long term balance of payments
The plan to curb spending abroad seen as emergency measures rather than lasting fixes. Inflation and the war dampen U.S. competitiveness, with curbs on foreign investments expected to shrink the balance of payments deficit but may stir global economic tension.
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New York
Johnson
Europe
Independent long run impact of tariffs on American industry
Analysis argues that tariffs and limits on overseas expansion could push production back to the United States, boosting domestic investment but risking higher costs and fewer jobs. It notes potential global shifts as European nations reassess trade, cooperation, and competitiveness. The piece hints at a broader national interest in balanced global trade.
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Brilliant
United States
Johnson
Transatlantic
America
Germany
U.S
Thega
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