Word: import
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Dates: during 1980-1989
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Though Japanese cars commanded 22% of the domestic market in June, the Carter Administration continues to oppose import controls. The President's Council of Economic Advisers has calculated that limiting Japanese cars to their 1979 levels, about 17% of American sales, would add only 20,000 U.S. workers to the job force and cost consumers an extra $2 billion in higher auto prices because large American cars are generally more expensive...
...attempt to damp down such prices, Dr. Joe has adopted a policy of lowering Argentina's once fearsome tariff walls to allow cheaper foreign goods to flow into the country. Import duties have averaged over 45%, but the goal is to reduce them to 15% by 1984. The Argentine balance of payments will remain in the red this year, despite the export of grain to the Soviet Union following the embargo of U.S. sales to that country in January in retaliation for the Afghanistan invasion. The Soviets will buy $800 million worth of grain and meat from Argentina this...
...nearly 30 years had a Democratic Congress overridden a Democratic President's veto.* Still, that was exactly what happened to President Carter's $10 billion oil-import tax last week. The levy, which would have cost the U.S. motorist 10? per gal., was first rejected by huge margins in both houses. So when Carter carried out his threatened veto, the House did not even debate it. It immediately voted to override the President's veto by an embarrassing 335 to 34. From Republican Strategist Robert E. Bauman of Maryland came a victorious yell: "Yahoo!" Next...
...Francisco ($567) rank 15th and 16th. The cheapest of the cities surveyed is Lima, Peru ($265). A hotel room costs just $60 a night, four theater tickets run to $12 and cigarettes are only 69? a pack. The low cost might just attract more businessmen into the llama import trade...
There was a time when Americans took pride in producing the best. Inflated wage demands, declining productivity, poor corporate planning and lack of quality are responsible for the American auto industry's present difficulties. Taking a sledgehammer to a superior foreign import or pushing for higher tariffs and increased quotas will do nothing for declining American auto sales. What the American people want is a quality product at a reasonable price. Let us strive once again to take pride in the stamp MADE IN THE U.S.A...