Conversation: 472-009
Prev: 472-008 Next: 472-010Start Date: Tuesday, March 23, 1971 4:30 PM
End Date: Tuesday, March 23, 1971 5:13 PM
Participants:
Nixon, Richard M. (President); Peterson, Peter G.; Bull, Stephen B.; Etherington, Edwin D.; Finch, Robert H.; White House photographerRecording Device: Oval Office
Full Tape Conversation Start Time: 00:46:44
Full Tape Conversation End Time: 01:28:48
NARA Description:
On March 23, 1971, President Richard M. Nixon, Peter G. Peterson, Stephen B. Bull, Edwin D. Etherington, Robert H. Finch, and White House photographer met in the Oval Office of the White House from 11:30 am to 12:13 pm. The Oval Office taping system captured this recording, which is known as Conversation 472-009 of the White House Tapes.
Nixon Library Finding Aid:
Conversation No. 472-9
Date: March 23, 1971
Time: 11:30 am - 12:13 pm
Location: Oval Office
The President met with Peter G. Peterson
Textile negotiations
-Peterson’s report
-US strategy
-Congress
-A meeting in Albuquerque
-Possible negotiations
-Defense Department
-Agency for International Development [AID]
-Chief negotiator
-Peterson
-Textile industry
-Requirements
-Asian countries
-Loyalty to the President
-President’s policy
-US textile industry
-State Department
-Philip H. Trezise
-Peterson’s talk with Harry S. Dent
-Anthony J. Jurich
-Okinawa experience
-David M. Kennedy
-Textile
-Shoe imports
-Jurich and Trezise
-Support for President’s policies
-Peterson’s conversation with Dent
-President’s view
-Role
-Jurich
-Background
-Dent
-Role
13
NIXON PRESIDENTIAL MATERIALS STAFF
Tape Subject Log
(rev. 9/08)
-Kennedy
-Jurich
-Trezise
-President’s view
-Kennedy
-Jurich
-Kennedy
-Textile industry Conv. No. 472-9 (cont.)
-Japanese experience
-Trezise, Kennedy, and Jurich
-Negotiating position
-Peterson’s view
-Japan
-Peterson’s view
-Defense Department
-Korea
-Taiwan
Shoe imports
-Spain
-Italy
-Peterson’s view
-Potential political problems
-Political impact
-Wilbur D. Mills, John W. Byrnes
-US producers
-Effect
-Byrnes
-Political impact
-Options
-Compared with textiles
-Scope
-Support of shoe manufacturers in Congress
-Kentucky
-US industry
-Kennedy
-Possible trip to Italy and Spain
-Peterson’s conversation with Italian ambassador
-Possible actions
-Options
-Tariffs
-Spain
14
NIXON PRESIDENTIAL MATERIALS STAFF
Tape Subject Log
(rev. 9/08)
-Kennedy’s role
-President’s position
-Italy, Spain
-President’s public statements
-Kennedy’s role
-Possible trip
-Strategy
-Congress Conv. No. 472-9 (cont.)
-Administration position
-Forthcoming conversation with Peterson
A council [Council for International Economic Policy [CIEP]?]
-Kennedy
-William P. Rogers
-George P. Shultz
-Kennedy
Monetary policy
-Current situation
-Balance of payments
-Peterson’s meeting with John B. Connally, Arthur F. Burns, Paul W.
McCracken, and Shultz
-Philosophy
-Exchange rates
-US dollar
-Foreign aid and military aid
-Response
-Issue of currency devaluation
-France, Great Britain
-Future
-Need for change
-West Germany currency study
-Effect of trade balances
-Japan
-Currency
-Connally, Burns, McCracken, Shultz, Peterson group
-Balance of payments
-Exchange rates
-Negotiating position
-Need for leadership
-Exchange rates
-Japan, Okinawa, trade
15
NIXON PRESIDENTIAL MATERIALS STAFF
Tape Subject Log
(rev. 9/08)
-Situation in Chile
-Taxes on foreign business
-Potential problems
-Maurice H. Stans
Trade with Japan
-Okinawa, defense issue
-Previous agreement Conv. No. 472-9 (cont.)
-Industrial policy
-Military, politics
-People
-Compared with British
-US textile policy
-Negotiations
-Possible leaks
-Kennedy
-Legal considerations
-Senators
Adjustment program
-Current program
-Effect
-Need for changes
-Congressmen and Senators
-Big companies, little companies
-Consolidation
-Antitrust laws
-Byrnes’ concerns about shoe company in Wisconsin
-Retooling and retraining
-Economists’ views
-Aerospace industry
Poverty program
-Past experience
-Investment policy
-Management
-Focus
Adjustment program
-A council meeting
-Attendees
-Businessmen
16
NIXON PRESIDENTIAL MATERIALS STAFF
Tape Subject Log
(rev. 9/08)
-Congress
International initiatives
-Agriculture
-European imports
-Citrus fruit
-Tobacco
Non-tariff barriers Conv. No. 472-9 (cont.)
-Spain, Morocco
-Latin America, Japan, Southeast Asia
-Meeting blocs
-Mediterranean countries
-US military role
-Cooperation with US
-Multinational corporations
-Mergers
-Labor view
-Jobs
-Need for US policy
Future administration action on trade
-Congressional action
-Outside advice
-Businessmen
-Compared with government workers
Stephen B. Bull entered at an unknown time after 11:30 am
President’s schedule
-Press
Bull left at an unknown time before 12:05 pm
Edwin D. Etherington
-Background
-New position
A meeting of CIEP
-Importance
-Henry A. Kissinger
-Kissinger, Shultz, John D. Ehrlichman
17
NIXON PRESIDENTIAL MATERIALS STAFF
Tape Subject Log
(rev. 9/08)
-Domestic Council
-Compared with National Security Council [NSC]
-Membership
-Role of State Department
-Role of Stans
-Kennedy’s role
-Connally’s role
-Balance of payments Conv. No. 472-9 (cont.)
-Burns and Shultz relations
-H. R. (“Bob”) Haldeman
-Burns
-Burns, Connally, McCracken, and Shultz
-Balance of payments
-Quadriad meetings
-Shultz
-Burns
-Connally, Burns
-Role of State Department
-Projects
-Adjustment program
-Connally
-Rogers
Etherington and Robert H. Finch entered at 12:05 pm
Greetings
Etherington’s acquaintance with Peterson
President and Peterson’s meeting
-International economic issues
-Spain, Italy, Japan
A statement
Peterson left at 12:05 pm
A plan
Photo arrangements
Photographers entered at an unknown time after 12:05 pm
18
NIXON PRESIDENTIAL MATERIALS STAFF
Tape Subject Log
(rev. 9/08)
American Stock Exchange
Stock market
[Unintelligible]
President’s dinner
-George W. Romney Conv. No. 472-9 (cont.)
An unknown woman
Etherington’s staff
The photographers left at an unknown time before 12:13 pm
-Romney
-Henry E. Ford, II
-Romney, Max M. Fisher
-Charles B. (“Bud”) Wilkinson
Volunteer agencies
-Administration proposed
-Volunteers in Service to America [VISTA]
-Peace Corps
-Teachers’ Corps
-Effect on Etherington’s Center for Voluntary Action
-Women’s role
-Lenore Romney, Thelma C. (Ryan) (“Pat”) Nixon’s role
-G. W. Romney’s role
-Blacks’ role
-Mrs. Nixon’s role
-President’s role
-Needs
Ford
President’s dinner
Etherington and Finch left at 12:13 pm
19
NIXON PRESIDENTIAL MATERIALS STAFF
Tape Subject Log
(rev. 9/08)