Word: exportation
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Dates: during 1970-1979
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Even Canada, the U.S.'s prime supplier, announced an increase in its export tax, raising the price to American buyers from...
...despite record 1973 crops and prospects for an even bigger output this year. One reason: foreign demand for U.S. farm goods remains extremely high because supplies of wheat and other items are still tight worldwide. The 1973 inflation in wheat, corn and soybeans showed how much havoc heavy export demand can wreak on U.S. prices. In addition, all the ups and downs of controls last year caused cattlemen and hog raisers to limit production sharply. That means that meat prices will stay high or even rise in the months immediately ahead because the number of steers and hogs reaching market...
Quite as important, the economy has grown far beyond the point at which it can supply all the needs of its own citizens and of export buyers by using home-produced raw materials. So the U.S. is increasingly at the mercy of inflationary trends in world commodity markets. American inflation has been fanned in recent years by such disparate events as the Arab-Israeli war, a low Soviet grain harvest, copper-industry strikes in Africa and even a change in the ocean currents off Peru (which temporarily wiped out the catch of anchovies, a key source of protein in animal...
...link is proving to be a bonanza for U.S. firms; the Chinese import nearly 15 times as much from the U.S. as they export. Among the biggest ticket items to date are some 4,000,000 tons of grain, ten Boeing 707 jetliners valued at $150 million, and eight ammonia plants to be built by M.W. Kellogg Co. for $200 million. The Chinese are also anxious to do business with giant American oil companies such as Exxon, Mobil and Caltex, and makers of petroleum exploration and drilling equipment, including U.S. Steel International, Phillips Petroleum and Baker Oil Tools. Some analysts...
...Export Crimp. The Soviet reaction to the House action was immediate and angry. The news agency Tass called the amendments "interference in Soviet affairs" and the work of "cold war advocates," which was "at variance with detente." Certainly the amendments do threaten to impede the growth of U.S.Soviet trade. Administration officials have estimated that, by substantially reducing tariffs on such Soviet products as vodka and motorcycles, M.F.N. might increase Soviet exports to the U.S. by $10 million to $25 million a year −a considerable addition to Soviet shipments to the U.S., which in 1972 were only $95.5 million...