Word: import
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Dates: during 1980-1989
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...Senator William Cohen views it, Congress wants "to practice the Golden Rule." By striving to cut imports from countries thought to discriminate against U.S. products, says the Maine Republican, "we intend to do unto others what they do unto us." To President Reagan, however, the anti-import rumblings are sounds not of piety but of recklessness, the beginning of "a mindless stampede toward . . . economic disaster," as he put it at his news conference last week...
...expected Reagan veto, and what sort of amendments may be attached. A number of the cosponsors have signed on less out of any consuming desire to save the U.S. textile industry than out of a desire to turn the bill into a vehicle for amendments that would restrict imports of shoes and all manner of other products. But should they fail in that effort or be frustrated by a Reagan veto that sticks, the anti-import forces will not lack for other bills that would enable them to renew the fight...
While a falling dollar could boost U.S. inflation by raising import prices, the economists were confident that any increases will remain mild. They noted that labor costs, which make up some 65% of the retail value of most products, are continuing to rise at a modest pace. Raw material prices are also stable. The Labor Department reported last week that in August the Producer Price Index fell .3%, the sharpest decline in more than two years. Said Greenspan: "Overall, there is just no evidence of any acceleration of inflation...
...there to become leader of the Soviet Union in a mere seven years is known only inside the Kremlin. Certainly his record as boss of Soviet farming was not glittering: grain harvests peaked just about the time he took over and have fallen sharply since, forcing the / U.S.S.R. to import more and more food. The job, indeed, has traditionally been a road to oblivion. Among the septuagenarians in the Politburo, which he joined as a candidate member in 1979 and full voting member a year later, he stood out primarily for his youth and energy. He seems to have used...
...Mexican side of the border. These are creations of U.S. companies, which set up factories to take advantage of cheap and once abundant labor to turn out products, ranging from computers to jump ropes, that are shipped back into the U.S. Both nations have reduced various export and import fees to aid this development. There are now some 700 such plants, providing Mexico with about $l.3 billion in earnings annually and a foreign exchange income exceeded only by its oil exports...