Word: import
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Dates: during 1980-1989
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Should the U.S. attempt to rescue its auto industry by restricting the import of Japanese-made cars? That was the knotty question that faced President Reagan last week. The Governors of eight auto-producing states, led by William Milliken of Michigan, met with the President in the White House to ask for negotiations toward a "voluntary" Japanese reduction of auto imports. Meanwhile, the Reagan Cabinet, at a meeting last week, split into sharply divided groups over the issue of import controls...
...studio announcer, who read the remaining 3½ hours of Brezhnev's text. The unsettling cut appeared to be an attempt to draw attention away from the Soviet leader's infirmities, but it had the opposite effect. For a time, in fact, it obscured the main import of his speech. A quarter of the way through his address, Brezhnev extended an olive branch of sorts to the West, offering to revive the moribund SALT process and even proposing a summit meeting with President Ronald Reagan...
...automakers and the U.A.W. join the compact, the Administration says, it will try to negotiate restrictions with the Japanese, who last year brought in 1.9 million vehicles and garnered a record 21% of U.S. auto sales. The Administration is suggesting that it will get the Japanese to accept an import limit of about 1.7 million cars annually-if Detroit falls in line quickly. Reagan wants to have the industry concessions in hand and an agreement negotiated with Japan before May, when Prime Minister Zenko Suzuki is scheduled to visit Washington...
...city slicker faces a language barrier in Benton County, Iowa. Says he: "When a farmer told me it cost him $10,000 to tile, I thought he was talking about his kitchen. He meant field drainage tiles." After several companies declined to discuss a possible reduction in Export-Import Bank funding, Correspondent Patricia Delaney approached J.I. Case, a construction-equipment manufacturer in her native Racine, Wis. "When Case executives tried to refuse, I asked them how they could turn down a request from a home-town girl," says Delaney. "I had an interview with the president of Case the next...
Meanwhile, Seatrain's container freight operation was falling apart in a whirl of scandals and bad business. The firm had to pay the Government nearly $1 million in penalties for making kickbacks to shippers and about $500,000 for unpaid import duties...