Word: importance
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Dates: during 1960-1969
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...Expand the credits to U.S. exporters through the Export-Import Bank...
...refugees fleeing into Macao reported that food rations in China are so scanty that "even the birds would find it hard to survive." Worried Hong Kong Chinese are shipping more than 100,000 lbs. of food daily to relatives on the mainland. Peking is urgently seeking freight space to import 330,000 tons of wheat from Australia, 350,000 tons of rice from Burma and 120,000 tons of barley from Canada...
...chorus of pleas for higher tariffs and more import quotas on foreign goods always rises in volume when the roar of U.S. assembly lines slackens a bit. The current business slump is no exception. And now the chorus has swelled with the addition of some new voices: labor unions, long among the staunchest supporters of freer trade. For the first time, when the conservative, protectionist Nation-Wide Committee on Import-Export Policy met last week in Washington, some 20 labor unions were represented. Breaking away from basic A.F.L.-C.I.O. policy, which remains free trade, the unions joined the committee...
Worried about the inflow of foreign electronic parts, the big International Union of Electrical, Radio & Machine Workers called upon Congress and the President not only to curb imports but also to limit the flow of U.S. capital into manufacturing overseas. Fortnight ago the Chicago Brotherhood of Electrical Workers went even farther. It notified its 137 employers that after May 1 its 23,000 members would refuse to handle any electronic parts imported from Japan. The Pottery Workers, the Boilermakers and the Carpenters unions are currently weighing anti-import actions...
...face of the rising protectionist cry, President Kennedy last week gave his implicit endorsement to a new solution. He ordered release of the summary of a report being prepared by the Senate Committee on Interstate and Foreign Commerce which argues that "remedies other than import restrictions should be available" in the form of "adjustment assistance." (The Nation-Wide Committee on Import-Export Policy's protectionist members promptly denounced the plan.) Under the plan, industries would be required to prove that imports-and not inefficiency-were the specific cause for falling sales and employment. Where the need was real...