Word: import
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Dates: during 1980-1989
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...avoid tampering with Reagan's tax cut, Administration officials agreed to consider alternative ways to raise new revenues. Among them: a $5 per-bbl, oil import fee, a 5? per-gal. gasoline tax, a hike in excise taxes on cigarettes and liquor, a 4% tax surcharge on individuals with incomes above $40,000, and curbs on the new, much criticized provision that allows businesses with more tax deductions than they need to sell them to companies facing big tax bills. These steps could raise $30 billion in new revenues. The Administration bargainers also indicated that the President...
...corn, for example, are down about onefourth. The Soviet Union, stung by the 1980 U.S. grain embargo (which one economic consulting firm estimates cost American agribusiness $22 billion), has spread out its purchases among more suppliers. Of the 43 million metric tons of grain it is expected to import from the West this year, the Soviet Union has so far bought only 13.8 million tons from the U.S. Contends Agriculture Secretary John Block: "We are still paying a big price for the 1980 embargo...
...effort to stem the outflow of funds, the Nigerian central bank two weeks ago ordered all 26 commercial banks in the country temporarily to stop processing or issuing import letters of credit and to cease approving applications for the conversion of Nigerian currency into foreign funds to pay for imports. Nigerian businessmen believe that their country will be forced to adopt still stricter import measures later this spring...
...change the fowl's nonchalance, Hirohito studied the crane avidly, then moved in to try his hand at feeding. Still no recognition, but the Emperor was not about to create a flap. For the 80-year-old Hirohito, the bird's mere existence may carry more import than her aloof manners. In Japanese culture, the crane is a symbol of longevity...
Japanese merchants have had a toehold on the U.S. gram trade since the 1950s, when they first set up export offices in West Coast port cities like San Francisco and Seattle to buy foodstuffs for Japan. The island nation of 116 million people is a principal grain importer and now buys some $6 billion a year from the U.S., its biggest supplier. In 1973, after a grain shortage squeezed the worldwide market for soybeans, a major Japanese grain import from the U.S., the anxious Japanese traders began moving inland to buy directly from farmers in an effort to secure...