Word: exportability
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Further moves came in 1970, when the Government authorized the selective licensing of goods for export to China and allowed U.S. oil companies to bunker China-bound foreign-owned ships carrying foreign-produced oil. Nixon also took advantage of the friendly presence of Rumania's President Nicolae Ceausescu at a state dinner in Washington last October to refer to the mainland regime by its official name: the People's Republic of China...
Bulldozers and Cashmere. The Commerce Department is preparing a new list of items for direct sale to China. The list will ban the export of almost all industrial goods but is likely to permit sales of Pharmaceuticals, foods and other commodities. The Chinese appear to want a great many American products, particularly the forbidden items, including delicate research equipment, bulldozers and trucks. But Peking has little to offer in return, aside from hog bristles, cashmere, embroidered silk and linen, tung oil and some rare metals. Hercules, Inc. is the only U.S. company known to have bought any Chinese goods recently...
...Francesca's Hercules. The Italians also felt this work quite attractive, for laws were established to prevent taking such masterpieces out of the country, Mrs. Gardner had already bought the giant; it was only a question of getting him to Boston. A dealer got last-minute permission for Hercules' export, and the painted plaster took its place in the Museum's Early Italian Room...
There is now some question whether the U.S. can maintain its dominance of worldwide aerospace sales. Of about 10,000 commercial aircraft flying in the West, 85% were built in the U.S. The aerospace industry is the nation's No. 1 exporter of manufactured goods; last year its sales to foreign buyers amounted to $3.4 billion. If the U.S. loses the lead in aerospace, its balance-of-payments deficit (already running to $5 billion annually) could worsen considerably. Says Richard Marshall, vice president of DMS Inc., a defense marketing research firm: "The Senate vote on the SST lost us what...
...opposed to the domestic version of imperialism but he supported the export version," Hess said...