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Conversation: 530-010

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Start Date: 29-Jun-1971 11:30 AM

End Date: 29-Jun-1971 12:01 PM

Participants:

Nixon, Richard M. (President)Peterson, Peter G.Bull, Stephen B.

Recording Device: Oval Office

Full Tape Conversation Start Time: 02:04:08

Full Tape Conversation End Time: 02:36:45

530a.mp3

530b.mp3

NARA Description:

On June 29, 1971, President Richard M. Nixon, Peter G. Peterson, and Stephen B. Bull met in the Oval Office of the White House from 11:30 am to 12:01 pm. The Oval Office taping system captured this recording, which is known as Conversation 530-010 of the White House Tapes.

Nixon Library Finding Aid:

Conversation No. 530-10
                                            18

                          NIXON PRESIDENTIAL MATERIALS STAFF

                                      Tape Subject Log
                                        (rev. 10/08)




Date: June 29, 1971
Time: 11:30 am - 12:01 pm
Location: Oval Office

The President met with Peter G. Peterson.

     Government leaks
         -President's previous speech
         -President's remarks to Cabinet
               -H.R. (“Bob”) Haldeman
         -Daniel Ellsberg case
         -Motives of leakers

     Japan
          -State Department
                -Marshall Green
          -Qualities required for US Ambassador


**********************************************************************

BEGIN WITHDRAWN ITEM NO. 1
[National Security]
[Duration: 1m 17s ]


     JAPAN


END WITHDRAWN ITEM NO. 1

**********************************************************************


          -Relations with US
               -Memorandum to Peterson and William P. Rogers
               -Rogers’ forthcoming speech
                     -Possible effect on American businessmen
               -Balance of payments
                     -Possible US action
               -Negotiating strategy
                                        19

                     NIXON PRESIDENTIAL MATERIALS STAFF

                                Tape Subject Log
                                  (rev. 10/08)



           -Balance of payments
           -Peterson's forthcoming meeting with Rogers
           -Balance of payments
                 -International Monetary Fund [IMF]
                 -Value of Yen
                 -Level of trade deficit
                 -Japanese statements concerning marketing
                 -Japanese planning estimates                    Conv. No. 530-10 (cont.)
                 -Europe
                 -John B. Connally
     -Research and development
           -Japan's ten-year plan for research and development
           -Peterson's meetings with Dr. Edward E. David, Jr. and John D. Ehrlichman
                 -Emphasis
National economy
     -Unemployment
     -Jobs needed by 1980
           -New technology
           -Role in administration planning
           -Technology
                 -Patents
           -Recruitment of people by administration
                 -Quality
                 -Dr. Edwin H. Land
     -Long-range planning
           -Peterson's conversations
                 -Roy L. Ash
                       -Ben W. Heineman
           -Businessmen's views
                 -Need for economic planning
                 -Peter M. Flanigan
     -President’s view
     -Arthur F. Burns
           -Wage and price control
     -Need for long-range planning
           -Cost of projects
                 -Supersonic Transport [SST]
                 -Saline water
           -Peterson's conversations
                 -Ash
                 -Heineman
                       -Lyndon B. Johnson
                                        20

                     NIXON PRESIDENTIAL MATERIALS STAFF

                                Tape Subject Log
                                  (rev. 10/08)



                    -Ash
          -Development of planning
               -Goals
                    -Results
Trade
     -US aid to less developed countries
          -Trade preference
                -Latin American countries                        Conv. No. 530-10 (cont.)
                -Rogers’ statements
     -Trade deficits
          -Timing of trade preference program
                -State Department
                      -Wilbur D. Mills
                           -Criticism of administration plan
     -Quotas
          -Connally
          -Japan
          -Textiles, shoes
                -Taiwan
                -South Korea
          -Alexander M. Haig, Jr.’s meeting with Peterson
                -Forthcoming foreign trip of Vice President Spiro T. Agnew
                      -Comments on trip
     -Trade preference program
          -Mills
          -David M. Kennedy
     -Quotas
          -Peterson's previous conversation with Anthony J. Jurich
          -Taiwan, South Korea, Hong Kong
          -Japan
                -Criticism by Connally, Peterson
                -Textiles
                -Application of Section 204
                -Possible negotiations
          -Latin America
                -Trade preferences
          -Shoes
                -Kennedy's deal with Italy
                -Spain
                      -US negotiating position

Common market
                                        21

                     NIXON PRESIDENTIAL MATERIALS STAFF

                                Tape Subject Log
                                  (rev. 10/08)



     -European introversion
     -Peterson's conversation with Henry A. Kissinger
     -Relationship with US
           -Policy options
                 -Tariff negotiations
                 -Monetary policy
                       -Connally’s efforts
           -Organization for Economic Cooperation and Development
                                                             Conv.[OECD]
                                                                    No. 530-10 (cont.)
           -Kissinger's staff efforts
                 -Ecuador

Expropriation
     -Peterson and Connally’s views
     -US response
           -Public actions
           -Peru
                 -Occidental petroleum
                       -Armand hammer
     -Connally
           -Need for retaliation
           -Chile
           -Peru
                 -Thelma C. (Ryan) (“Pat”) Nixon
                 -Mrs. Juan Velasco

Trade
     -US trade with communist nations
          -Businessmen's interest
          -Soviet attitude
                -Visit of Nicolai D. Komarov
                -Peterson's conversation with Anatoliy F. Dobrynin
                      -Kama River project
                      -Kissinger
          -Consumer goods
                -Strategic Arms Limitation Talks [SALT]
                -Importance
                -Credit
                      -Zenon C.R. Hansen
                            -Willy Brandt dinner
                            -Actions
                -Peterson's forthcoming conversation with Kissinger
          -Linkage
                                             22

                            NIXON PRESIDENTIAL MATERIALS STAFF

                                       Tape Subject Log
                                         (rev. 10/08)



                    -Kama River, SALT
                    -Consumer goods
                -Wealth of Soviet Union

     White House staff
          -Peterson's aide
          -James R. Schlesinger
          -Richard V. Allen                                         Conv. No. 530-10 (cont.)
                -Williams Trade Commission
                -Peterson's conversations with Haldeman and Ehrlichman
          -Allen
                -Declassification project
          -Peterson image
          -Aide
                -Qualifications
                -Timing of decision
          -Report to President
          -Forthcoming briefing

Stephen B. Bull entered at an unknown time after 11:30 am.

     President's schedule
          -Haldeman

     Peterson's schedule
          -Haldeman
                 -Alexander P. Butterfield
                 -Allen

Bull and Peterson left at 12:01 pm.