Word: important
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...endless rounds of litigation by conservationists delay the construction of new power plants, thus directly affecting plans for new aluminum smelters. A possible result: a shortfall in U.S. production in the early 1980s, which would add to the nation's trade deficit because fabricators would be forced to import more and more aluminum. Says one exasperated industry leader: "Looking at the way they handle the power situation in this country, it sort of makes you think about places like the Amazon, where they don't' have quite the same bunch of clowns." The aluminum producers are indeed...
...effort to reduce Japan's burgeoning trade surplus, a 91-man Japanese trade delegation was scouring the U.S. last week looking for U.S. products to import. So far, the Japanese visitors have spent $1 billion on raw materials plus another billion on finished goods ranging from home furnishings to machine tools to fur coats. To help the U.S. sell more abroad, Delegation Chief Yoshizo Ikeda, the chief of Japan's huge Mitsui trading firm, offered Washington the use of a Japanese ship, which he and other successful exporters use as a floating trade fair...
...what he views as unfair competition from Japan, Inc. "The government and the business people and the bankers there move as one. The Japanese sell more than 1 million vehicles a year in the U.S., but they import fewer than 50,000 vehicles from all countries. They have a way of operating to make sure that their markets are served by their own manufacturers. When I look at the value of the yen today compared with its value three years ago, I have to conclude that their autos are not fairly priced because the value of the yen has appreciated...
American salesmen might be pardoned for awaiting proof that the Japanese are really interested in importing. Japan has slashed tariffs this year on 318 items, but the U.S. regards the nontariff barriers as more important. On them, there have been only two small signs of give. Tokyo has liberalized financing terms for imports, and the Ministry of Trade and Industry has ordered a study on how to simplify import documentation and inspection procedures...
...American foreign investment in South Africa," and to work within the apartheid system to bring about changes in racial policies. It urges the denial of tax credits to U.S. firms in South Africa not actively striving to improve the lot of its non-white workers, the end of export-import bank guarantees of U.S. bank loans to the South African government, and the curtailment of Commerce Department activities directly or indirectly helping American firms choosing to operate in South Africa...