Word: import
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Dates: during 1980-1989
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...Democrats zeroed in on another factor: the U.S. trade deficit, which hit a record $148.5 billion last year and is running even higher in 1986. Their purpose seems to be to build support for import-limiting legislation. But the trade deficit has hurt farmers, who have lost foreign markets, and smokestack industries, beset by import competition, far more than service and high-tech businesses...
Wyeth's disclosure, tucked unobtrusively into the fourth paragraph of the magazine's story, created hardly a ripple. It was exactly a year, and the September 1986 issue of Art & Antiques, before the import of Wyeth's remarks became strikingly clear. The closing of the circle came last April, when Schaire was visiting Pennsylvania for another story and met with Peter Ralston, a photographer and friend of the Wyeths'. Ralston told him to get in the car, he had a "surprise" to show him. An hour later, Schaire was poring over the 240 works that are now the talk...
...iron, and said she would accept "voluntary" restrictions on new British investment and the promotion of South African tourism. For the other six leaders present, this was nowhere near enough. Together they endorsed a set of sanctions proposed at a previous Commonwealth gathering that included a ban on agricultural imports, new investment and air links. For good measure, they added a ban on new bank loans and the import of uranium...
...last week reaffirmed his opposition to the bill. Said he: "This protectionist legislation would impose tremendous costs on consumers . . . and U.S. business. It must not become law." He met with 35 Congressmen to ask for support to sustain his veto. One danger of such a bill is that American import restrictions would provoke its trading partners to take similar actions, hurting U.S. exports. The Administration is not ignoring the industry, however. Last week the U.S. Government agreed to renew for five years an important international pact that governs trade in textiles. The so- called Multi-Fiber Agreement expands import controls...
...excessive trade surplus" with the U.S. through vaguely defined unfair practices. The aim of the talks would be to reduce the trade imbalance 10% annually in such a case. If no agreement was reached, the White House would have to retaliate, for example, by raising tariffs or tightening import quotas. Clearly aimed at such countries as Japan and South Korea, the House bill is roundly opposed by the Administration, but a similar bill is now on the Senate agenda...