now the real truth about the just completed Uruguay round of the General Agreement on Tariffs and Trade, known as GATT, is coming out. Citing the GATT, Canadian authorities plan to impose tariffs up to 351 percent on certain basic farm products from the United States across the border. According to the Journal of Commerce, Canada claims that the authority for such astronomical tariffs is provided by the recently negotiated GATT and not the Canadian Free Trade Agreement, CFTA. These sky high tariffs would only be reduced by 15 to 36 percent over a 6-year period. This means that tariffs of 299 percent on imported butter, 245 percent on imported cheese, and 238 percent on imported chicken would be in effect at the end of the 6-year period, by the year 2001. Government officials in this country repeatedly have assured each congressional office that CFTA, NAFTA, and GATT would lower tariffs. Now we learn the truth. In many instances tariffs are being raised. Our friendly neighbors are using the agreement to gouge U.S. business. Who else will gouge American business by resorting to GATT's cover?
Editor's note · Context
Speaker Bentley addresses the impact of GATT on U.S. tariffs and trade with Canada.
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