President Richard M. Nixon and Treasury Secretary John B. Connally met to finalize preparations for the administration's forthcoming economic program. They discussed the implementation of an import tax and the political implications regarding textile negotiations with Japan. The pair also coordinated a strategy for consulting key congressional leaders, including Wilbur D. Mills, John W. Byrnes, and Russell B. Long, prior to the public announcement.
On August 12, 1971, President Richard M. Nixon and John B. Connally met in the President's office in the Old Executive Office Building from 7:22 pm to 7:26 pm. The Old Executive Office Building taping system captured this recording, which is known as Conversation 273-024 of the White House Tapes.
Nixon Library Finding AidConversation No. 273-24
Date: August 12, 1971
Time: 7:22 pm - 7:26 pm
Location: Executive Office Building
The President talked with John B. Connally.
President's forthcoming economic program
-President's previous meeting with Connally and George P. Shultz
-Import tax
-Import tax
-Politics
-Textiles
-Connally's possible conversation with John N. Mitchell
-National security
-Japan
-Us trade as percentage of Gross National Product [GNP]
-Effect of announcement
-People's Republic of China [PRC]
-Congress
-Consultation
-Connally's possible calls
-Wilbur D. Mills
-John W. Byrnes
-Russell B. Long
-ScheduleThis transcript was generated automatically by AI and has not been reviewed for accuracy. Do not cite this transcript as authoritative. Consult the Finding Aid above for verified information.