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...nations often discriminate against U.S. exports. But the U.S. is a sinner too. From time to time it has negotiated quotas, sometimes disguised as "voluntary" agreements with foreign producers, on imports of steel, autos, sugar and even textiles. In a study for the Institute for International Economics, C. Fred Bergsten and William Cline contend that the U.S. restricts imports from Japan about as much as Japan limits purchases from the U.S. Another widely quoted estimate is that if all the restrictions that American businesspeople complain about were eliminated, the U.S. trade deficit would be reduced by no more than...

Author: /time Magazine | Title: The Battle Over Barriers | 10/7/1985 | See Source »

...record-shattering trade deficit of $123 billion. The rush to import takes profits away from U.S. companies and paychecks from American workers. The impact must be measured not only by layoffs and closed plants but by factories not built and expansions not made. C. Fred Bergsten, director of the Institute for International Economics in Washington, estimates that by 1986 the U.S. will have lost 3 million jobs in industries that export or compete with imports...

Author: /time Magazine | Title: The Dollar As King Currency | 2/25/1985 | See Source »

Said C. Fred Bergsten, director of Washington's Institute for International Economics: "This year's meeting will be a love feast...

Author: /time Magazine | Title: A Little Unexpected Optimism | 10/1/1984 | See Source »

...American money markets closed for a long Memorial Day weekend, concerns about the jittery financial markets remained. C. Fred Bergsten, director of the Washington-based Institute for International Economics, said that the rumors about Manufacturers Hanover "show again how fragile and nervous the markets are." Moreover, the worries about banking are not limited to the U.S. They also involve the whole international financial system. Next week President Reagan and the heads of the world's leading industrial countries will hold their annual economic summit conference in London. After the banking troubles of the past two weeks, they have plenty...

Author: /time Magazine | Title: A Bad Case of the Jitters | 6/4/1984 | See Source »

...cutback drew fire both internationally and at home. Said Sven Burmester, a World Bank expert on sub-Sahara Africa: "This means that people will starve." Declared C. Fred Bergsten, director of the Institute for International Economics, a Washington-based think tank...

Author: /time Magazine | Title: Cheap Shot | 1/30/1984 | See Source »

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