Word: exportability
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...American parts and labor in models recording 900,000 or more U.S. sales a year. The scheme could raise prices as much as $3,000 a car on makes such as Datsun and Toyota, and probably ignite a trade war that would wipe out many more jobs in American export industries than it would save in U.S. auto factories. The bill will probably pass the House but will be deservedly ignored in the Senate...
...Geneva spent most of the time sniping at each other. Acting on the "bicycle theory" that only forward movement can prevent collapse, U.S. Trade Representative William Brock insisted that new reductions in trade barriers were essential, and pushed aggressively for major reductions in the European Community's agricultural export subsidies. Brock even threatened to start a trade war by dumping 200,000 metric tons of butter on the world market in an effort to undercut European prices. Angry Western European ministers called for scrutiny of the U.S.'s multibillion-dollar farm programs. Said Denmark's Foreign Minister...
Mexico's economy plummeted last summer when foreign debt payment came due and when the word wide oil gulf significantly diminished in anticipated petroleum export earnings...
...quick rundown of the situation lends itself to pessimism. Brazil has a foreign debt of about $70 billion and an inflation rate approaching 100 percent. Colombia and Costa Rica are barely surviving the sharp drop in world coffee prices, their principal export. And Honduras has the distinction of being the second poorest Latin American nation after Haiti...
...since July. A rally in the stock and bond markets has added some $100 billion to the wealth of investors, and should spur consumer spending. By the end of 1983, Krause said, the U.S. could be growing at a rate of 3%, a bracing tonic for Asian export industries...