The Baytown Sun (Baytown, Tex.), Vol. 49, No. 234, Ed. 1 Monday, July 5, 1971 Page: 3 of 14
This newspaper is part of the collection entitled: The Baytown Sun and was provided to The Portal to Texas History by the Sterling Municipal Library.
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U.S. Talks Retaliation For Trade
Disagreements In European Waters
Some tough talk already has
been heard. Secretary of the
Treasury John B. Connally has
be?n quoted as suggesting the
United States withdraw the
Sixth Fleet from the Mediterra-
nean in retaliation for Eu-
ropean trade practics that ob-
struct American exports.
The planned presidential
statement on foreign economic
policy can be expected, said
Thrus t-Batk Collar’
TOILET TANK BALL
Amtita'l Lorgotl UlUr
Th« tfficitnf Wot*r Majt«r instantly stop*
the flow of wattr offtfr toch flushing.
75r Al HARDWARE STORES
Peterson, “within the next few
months."
Nixon signified his concern
over the trade outlook, and the
possibility of competition be-
tween blocks, by establishing in
January the Council on Inter
national Economic Policy with
Peterson as executive director
The decline in American
trade edtnpetitiveness, attribut-
ed by many to persistent in-
flation and blamed by some for
the European “dollar crisis" in
May, stirred deep concern with-
in the administration.
A real blow came in April
when the United States ran an
actual trade deficit, the first in
two years.
While the cold statistics of
weakened trade ’ com
petitiveness have convinced
both free traders and protec-
tionists of the urgency of the
problem, it may be a year be-
fore White House strategy is
fully charted.
Some essential studies have
only‘been begun. And even if
plans were ready, the time
seems inopportune both here
and abroad, - ’*_
Europe's mood of the mo- Trade and Investment policy
ment is not conciliatory. There was named a year ago. Its 27
resentment at the United
States over the dollar crisis
which added currency com
plications to the Common Mar
ket’s difficult internal negotia-
tions over the entry of Britain
Europe also accuses the U.S. of
exporting its inflation to Eu-
rope along with the oversupply
of dollars.
Meantime,theadministration
has stepped up enforcement of
anti-dumping laws which per-
mit imposition of extra tariffs
on goods sold here at less than
the price charged in the manu-
facturer’s home country. It also
has considered wheeling up the
seldom-used countervailing
duty law permitting extra tar-
iffs on cut-rate imports if the
foreign government subsidizes
the manufacturers.
In considering what in-
itiatives are required .of the
United States and its trading
partners, the White House has
sought advice from industry
both formally and informally. A
Commission on International
members include a number of
executives of jitbltinational cqt
porations.
The commission’s report was
scheduled fdr May and is over-
due.
American labor prescribes
different cures. Having aban-
doned its traditional free-trade
posture, the AFL-CIO in Febru
ary called in effect for man
datory import quotas, urged the
repeal of„specified tax and tar-
iff preferences which encourage
companies to set up subsi
dairies abroad, and advoc
tighter controls on direct
eign investment.
U.S. Savings
Bonds
clearance.
Save *31.
Men's
better
Suits
Oria. $90
?59
‘69
NOW
REDUCED: LADIES HAND BAGS, ORIG. 3.00 TO 6.00
REDUCED: WOMENS WIGS. Wide selection of styles and colors. ORIG. 19.00
REDUCED: ASSORTED SPORTSWEAR FABRIC. ORIG. 89c TO 2.59 w.
REDUCrn- MENS SHITS. Towncraft and dacron-wool blends. ORIG. $90.00
You'll be amazed to see suits like
„these aJt this low, low price! Dacron
polyester and wool worsted-fabrics,
single and double breasted styles.
, Solids and fancies, in -the newest
fashion colors, Every suit made to
sell for dollars more. Hurry, get first
pick!
NOW 1.99 TO 2.99
NOW 9.88
NOW 58c TO 99c
NOW 79.00
REDUCED: MENS SPORTSCOATS. Dacron-wool blends, broken sizes. ORIG. $38.00.
REDUCED: LADIES SHOES. Wide selection of styles in broken sizes. ORIG. 9.99 TO 12.99
REDUCED: LADIES SHOES. Assorted styles? broken sizes. ORIG. 8.99 TO 11.99..
REDUCED: MISSES PANT SUITS. Wide selection of styles. ORIG. 13.00 TO 45.00
- r . • lit . i ' ' _ •: , - r. . . - ■
REDUCED: JUNIOR PANT. SUITS. Assorted styles. ORIG. 13.00 TO 36.00
NOW 7.00
NOW 4.00
NOW 6.99 TO 34.99
NOW 4.99TO 19.99
REDUCED: JUNIOR AND WHSSES SWIMWEAR. ORIG. 11.00
‘rEDUCED: JUNIOR AND MISSES SHORT PANT SUITS. Assorted styles. ORIG. 12.00 TO 22.00,
NOW 6.99 TO 8.99
NOW 9.99 TO 14.88
t
reimeiff
> The values are here every day.
CHARGE THESE VALUES AT PENNEYS IN BAYTOWN OPEN MON. THRU
SAT. 9 'TIL 9
N0WT6.99
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Hartman, Fred. The Baytown Sun (Baytown, Tex.), Vol. 49, No. 234, Ed. 1 Monday, July 5, 1971, newspaper, July 5, 1971; Baytown, Texas. (https://texashistory.unt.edu/ark:/67531/metapth1061476/m1/3/?q=%22%22~1: accessed July 11, 2024), University of North Texas Libraries, The Portal to Texas History, https://texashistory.unt.edu.; crediting Sterling Municipal Library.