Word: importants
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...added that the plans to reimburse his customers with his earnings from a bill collection service and an import-export business, of which he is the sole proprietor...
...splintered Democrats could not prevent the Republicans from cutting Medicaid and unemployment compensation and other social programs $200 million more than Reagan had requested, and all but four went along with a move by Kansas Republican Nancy Kassebaum to lessen a cut in the lending authority of the Export-Import Bank, a step that benefits big corporations...
...been pleading for months for relief from the pummeling they have been taking from Japan. While sales of American-made cars have been slumping, Japanese-made Datsuns and Toyotas, Mazdas and Hondas have been streaming through U.S. ports at the rate of some 6,000 vehicles a day. The import flood has given Japan 23% of the entire U.S. car market. General Motors Chairman Roger Smith last week urged a "short-term voluntary" cutback in imports and warned that the alternative was a trade war with Japan. In Washington and Tokyo the Reagan Administration and the government of Prime Minister...
...wrong when they charge that Japan succeeds only because it systematically blocks all competing foreign products from entering its domestic market. Such charges were undoubtedly true for at least a quarter century after World War II. The Japanese had a host of official and unofficial ways of holding down imports and promoting exports. Foreign businessmen faced high tariffs and found it difficult to market their goods through the country's very complicated distribution system. "Buy Japanese" was a strong, if unspoken, practice. American businessmen also accused the Japanese of "dumping," or selling their products at a loss just...
That urgency seems undercut, however, by some Administration proposals. As part of its budget reductions, the White House wants to slash $600 million out of the $5 billion lending authority for the Export-Import Bank, which provides low-interest loans to foreign buyers of U.S. goods. Such credits are often a key factor in determining which company will win an export contract. Countries like France and Japan offer attractive loans if a foreign company agrees to buy their products. American firms may now be at a disadvantage in competing with those exporters...