Word: imported
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Though Japanese cars commanded 22% of the domestic market in June, the Carter Administration continues to oppose import controls. The President's Council of Economic Advisers has calculated that limiting Japanese cars to their 1979 levels, about 17% of American sales, would add only 20,000 U.S. workers to the job force and cost consumers an extra $2 billion in higher auto prices because large American cars are generally more expensive...
General Motors, the only Big Three U.S. carmaker that has opposed import restrictions, demonstrated last week why it may be able to beat back the Japanese challenge. The company unveiled a 1984 two-seat electric commuter car that has a top speed of 50 m.p.h. and a range of 100 miles between rechargings. The firm also declared that the average mileage of its 1985-model car fleet will be 31 m.p.g., well in excess of the 27.5 m.p.g. ordered by the Government...
None of these Franco-American producers plans to sell his California quaff in Europe. Steven Spurrier, owner of the Paris wine school L'Académie du Vin, believes that to be a wise decision. Says he: "Moēt would be crazy to import Chandon Brut into France. In my opinion it is much better than their own Moēt et Chandon. They would be competing against themselves with a better-tasting wine at a better price...
...attempt to damp down such prices, Dr. Joe has adopted a policy of lowering Argentina's once fearsome tariff walls to allow cheaper foreign goods to flow into the country. Import duties have averaged over 45%, but the goal is to reduce them to 15% by 1984. The Argentine balance of payments will remain in the red this year, despite the export of grain to the Soviet Union following the embargo of U.S. sales to that country in January in retaliation for the Afghanistan invasion. The Soviets will buy $800 million worth of grain and meat from Argentina this...
...Francisco ($567) rank 15th and 16th. The cheapest of the cities surveyed is Lima, Peru ($265). A hotel room costs just $60 a night, four theater tickets run to $12 and cigarettes are only 69? a pack. The low cost might just attract more businessmen into the llama import trade...