Word: canadianization
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Dates: during 1980-1989
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...they might. As the President attested during his summit meeting with Canadian Prime Minister Brian Mulroney, the U.S. and its largest trading partner appear close to a historic juncture in their immense economic relationship (value of 1986 commerce: $129 billion). After a year of negotiation, officials in Washington and Ottawa seem confident they can produce a draft agreement by autumn that will completely eliminate tariff barriers between the two countries over the next decade or so. Reagan also took a modest -- for most Canadians, far too modest -- step toward alleviating another deep Canadian concern. The President said he would "consider...
...Canada's favor was partly offset by an $8.1 billion U.S. trading surplus in such services as insurance and investment. No less than 80% of the trade across the northern U.S. border is already duty free. Trade experts estimate that totally free trade would boost the roughly $416 billion Canadian economy by about 3% to 8% within five to ten years. The $4 trillion U.S. economy would gain proportionately less...
...provide a welcome counterpoint to the protectionist feeling that is piling up rapidly in Washington over the doleful American trade deficit, even though much of that ire is focused on the No. 2 U.S. trading partner, Japan. Without a pact, Ottawa fears, the U.S. Congress will indiscriminately freeze more Canadian goods out of U.S. markets. In the past year, Canada has been bruised in fights over exports to the U.S. of softwood lumber used in housing and other timber products; it is now under pressure to avoid enlarging its nearly 3% share of the $32 billion American steel market...
...White House has a deadline of Oct. 4 for presenting a draft agreement to Congress. After that, Reagan and Mulroney will have the perhaps tougher job of convincing a contentious flock of U.S. and Canadian regional interests that the deal is a good one for all. Only then will it be clear that two close friends have truly created what Reagan last week hailed as a "pioneering agreement worthy of a pioneering people...
...Texas is promoting ten different sites for the tunnel and considering a $1 billion bond issue. Says Texas Governor Bill Clements of the SSC: "It could be bigger than NASA." Particle-physics fans are cropping up in the most unlikely places. In Malone, N.Y., a small town near the Canadian border, 800 people turned out to hear physicists lecture about the project...