Word: important
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...stockpile crude oil, liberalize foreign aid and speed up the growth rate of the Japanese economy from its present annual rate of 5.3% to 7% next year. A key provision calls for tariff reductions averaging 23% on 318 items, mostly industrial goods. For example, the 6.4% Japanese tariff on imported autos would be entirely eliminated. Tariffs on computers would be dropped from 13.5% to 10.5% and on color film from 16% to 11% -two important items. But quotas on the amount of beef that Japanese hotels can import would only be doubled, to 2,000 Ibs. in the current fiscal...
Nonetheless, just as both sides in a labor negotiation can overplay their hands and wind up with a strike that nobody wanted, the Japanese-U.S. trade impasse is dangerous. Any effort by Fukuda to reduce Japanese import barriers further will meet fierce opposition from Japanese farmers, businessmen and workers. On the U.S. side, the Carter Administration must win some significant concessions from Japan soon, or Congress may enact highly restrictive limits on Japanese goods sold in the U.S. At week's end Ushiba was headed back to Japan for consultations, and officials in the Japanese government were mentioning...
...Machine ($120 de luxe, $100 without blender). Another French import. A fast machine, but also the most complex; capacity too small...
...this time it was Brown which had to make the snowy trek from Providence to Boston, and it was Brown which suffered from player absenteeism, most noticeably Irish import Colm Cronin. Cronin had won the Irish National championships in the triple jump just last week with a mark of more than 53 feet, a distance which threatened to blow the Crimson jumpers out of the pits...
...past to let in more foreign goods, but have not taken enough action to please the U.S. and Europe. And Fukuda, despite his decisiveness in shaking up his Cabinet, is regarded as an extremely cautious politician. Says one disgruntled former Cabinet member: "Fukuda might have done away with our import duties on cars as a kind of symbolic gesture. Even if we removed the duties, no one would buy those big American cars. Our roads are too small. But Fukuda hasn't even got the guts to take such an obvious step...