Word: braziller
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Dates: during 1980-1989
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...many Japanese yen will it take to buy a U.S. dollar? What kind of insurance is going to be sold in South Korea? How many trees will be felled in Canadian forests, and how many pairs of shoes shipped out of Italy or Brazil...
...terms that exporters in foreign country A, with assistance from their government, might offer to buyers in foreign country B. Reagan also promised to "work unceasingly" to tear down such trade barriers as laws that restrict the sale of U.S. insurance in South Korea and high-tech products in Brazil. He cited world trade treaties that permit highly selective limits on the sale in the U.S. of products from those countries...
Other lenders may not prove as flexible. Mexico, which ranks second only to Brazil in the developing world as a debtor, is saddled with a $96 billion foreign debt, of which $77.7 billion was lent by a consortium of 300 international banks. Last month most of those banks agreed to extend through the end of the century Mexico's repayments on $48.7 billion of the total amount due. About 30 banks, however, have yet to sign the accord, and there are concerns among bankers that the impact of the great quake may lead them to withhold their signatures even longer...
...begin reducing them immediately or face a stiff penalty: a 25% tariff to be imposed on the value of all goods that they continued to sell in the U.S. In its present form, the bill would apply to four nations: Japan (of course), Taiwan, South Korea and Brazil. Thus it would raise sharply the prices American consumers would have to pay for products ranging from cars to coffee. Republicans in both House and Senate are concentrating on coming up with alternatives to this bill that would restrict imports less drastically but retain the principle of punishing countries thought to discriminate...
...more than ten years now, foreign shoemakers have been walking all over their American rivals. Stylish and inexpensive leather footwear from such countries as Taiwan, Brazil and South Korea will account for some 75% of sales in the U.S. this year. But if American manufacturers have lost the battle in the marketplace, they have tried to recoup in the political arena. For more than a year the industry has been waging a campaign to persuade President Reagan to impose quotas on shoes made overseas. Enlisted in the effort were 168 Congressmen, 40 Senators and 20 Governors, who sent letters...