Word: exporters
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Washington of course denies any such intent, although U.S. officials do concede that Canada was hit by a truck that was heading elsewhere-namely to Japan and Western Europe. For his part, Trudeau has turned aside suggestions from the opposition New Democratic Party that Ottawa slap a retaliatory export tax on natural gas, oil and minerals needed in the U.S., or restrict dividend payments to U.S. parent companies. He has settled on a milder response: a bill, passed by Parliament two weeks ago, setting up an $80 million kitty to aid hard-hit firms in maintaining their employment rolls...
...bills that passed the House of Representatives last week: an investment tax credit of 7% for companies buying equipment made in the U.S. and a bill setting up a Domestic International Sales Corp. DISC, as it is called, would give U.S. companies generous tax benefits to produce items for export inside the U.S., thus eliminating any incentive to expand their foreign subsidiaries. Since roughly half of Canadian manufacturing is U.S.-owned, Ottawa fears that the bill, if it passes the Senate, could calamitously slow down Canada's economic growth...
...Oleg and Irina had been seen together in London restaurants and nightclubs for months, and though she is not believed to be with the KGB, she defected with him. Oleg was supposed to be a trade official who bought such British-made items as panty hose and negligees for export. He was actually a captain in the KGB, and was thought to be a relative of Lieut. General Serafim Lyalin, head of the KGB directorate that deals with breaking codes...
Nixon also raised the possibility of creating export subsidies for U.S. industries that must compete against subsidized foreign companies. As he put it: "We have got to see to it that the American workman is not driven out of competition because an unfair advantage is obtained by a workman abroad...
Like the wage-price freeze, the strike has caught many people in an unexpected and vulnerable position. Says Charles Nevil, whose Los Angeles import-export firm deals in swimming pools: "I have paid for a lot of equipment, and now I have to pay storage charges to the Port of Los Angeles. Meanwhile, I've had cancellations on some orders." But while import-export firms bear the brunt of the strike, its effects reach far down into the U.S. economy. "We had one good order from Japan for electrical goods made by a St. Louis firm," says San Francisco...