Nixon Said to Seek Authority to Impose Imports Surcharge
Nixon Adm to include in proposed trade legis authority to impose import surcharge during payments deficit and authority to cut tariff during payments surplus; proposal has no direct connection with current monetary crisis; Adm also is reptdly considering authority to impose import surcharge on particular countries refusing to take action to correct chronic payments surplus; proposal may be interpreted as attempt by US to impose monetary reform ideas on rest of world; HR Ways and Means chmn W Mills is reptdly sympathetic to idea; proposal of either authority could spur internatl monetary negotiations