Word: import
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Dates: during 1980-1989
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Those sleek, chic foreign shoes that beckon in store windows may soon be in short supply. The U.S. International Trade Commission said last week that it + will recommend to President Reagan a five-year program of import quotas to aid the struggling American shoe industry. Foreign competitors took 71% of the U.S. market last year, up from 4% in 1960. Under the ITC plan, imports of shoes with a value of $2.50 or more per pair would be limited to 474 million pairs during each of the next two years, a decrease of 17.6% from 1984. Imports would be allowed...
When Congress voted in 1975 to grant most-favored-nation trading status to Rumania in recognition of improvements in that nation's emigration policy, some conservative members supported the move because they had been impressed by an unusual concession from the Communist regime. Rumania had agreed to import and distribute 20,000 Bibles supplied by churchmen in the West to members of its Hungarian Reformed Church. However, outraged clergymen and conservatives displayed proof in the Rayburn House Office Building last week that the Bibles had not been put to their intended use. Close inspection of a roll of toilet paper...
Modern technology and America's emergence as a major world power since the 1930s has converted Commencement into an international media event, making it appropriate for statements of global import...
...several hundred times the original price. Now high-fashion designers from Italy, Japan and France are adapting and transmuting the fit, dash and splashy spirit of Hawaiian shirts into a bedazzling array of prints. Now up-to-the-minute fashion emporiums like Barneys in New York City import racks full of new Hawaiians, while Bill Gold, co-owner of a vintage clothing store called Repeat Performance in Los Angeles, will go on buying trips to the Midwest to ferret out some good old numbers that have long been packed away -- perhaps in embarrassment. Now, in the islands, says Dave Rockland...
Economic growth would have been much stronger in the first quarter were it not for a torrent of imports, which added to an international trade deficit that hit a record $123 billion in 1984. Though Americans spent freely early in the year, they were favoring many foreign goods over domestic products. As a result, production in U.S. factories stagnated. The main reason for the import binge was the strength of the dollar, which until the last few months seemed to be rising inexorably. Between 1980 and last February, the value of the dollar climbed by more than 60% against...