Word: important
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...business community was more friendly, in the person of Rasul Barat, 31, a dapper entrepreneur who boasted, "Half of Mazar-i-Sharif is mine." Barat welcomed his guests with a poolside barbecue complete with lamb kabob and imported German beer. Elected a short time ago to the Afghan legislature, & Barat claimed that Afghanistan's taxes were so low he had recently been able to import three autos, from Mercedes, Mitsubishi and Ford...
...bill would overhaul the system under which the United States imposes import curbs and takes other steps to retaliate against international trade violations...
...since 1985 against nations deemed to be engaging in unfair trade practices. The most dramatic censure came last year, when the Administration imposed $300 million worth of sanctions against Japanese products after deciding that Tokyo had reneged on parts of an agreement under which it would, among other things, import more U.S. computer chips...
...White House has angered Congress on several occasions by turning down pleas for import relief, most notably from the shoe industry. Many Democrats, and a few Republicans as well, are pushing for provisions in the trade bill that would force the Administration to retaliate automatically against unfair foreign traders. The President, though, has vowed to veto any bill that would take away his discretion on when to impose trade sanctions. The conflict has left the Democrats with a dilemma. Explains Rostenkowski: "We need a bill so tough that our trading partners can't ignore it, but so fair that...
...interest rates. In recent years, however, a combination of oil-price declines, corporate cost cutting and foreign competition has kept inflation at an unusually low level -- an average of 3.1% from 1985 through 1987. The low-value dollar could lead to a new burst of inflation by driving up import prices, but so far the impact has been minimal...