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...entire package, with no amendments. Strauss has put together a strong coalition of supporters and appeased the most powerful enemies of the agreement. Opposition to reduced tariffs by textile and garment makers, for example, has been muffled by a promise of tighter enforcement of existing import quotas, as well as Government grants to boost productivity...

Author: /time Magazine | Title: Business: Moving Toward Freer Trade | 4/23/1979 | See Source »

Vernon added that the agreement is novel because it also restricts non-tariff barriers to trade including government purchases from domestic firms, subsidies for domestic industry and import licensing...

Author: By Daniel A. Carroll, | Title: Twenty-One Countries Sign Agreement to Lower Tariffs | 4/18/1979 | See Source »

...agreement could reduce inflation by allowing competitively-priced import goods into the country, thus making the economy more export-oriented, McCulloch said...

Author: By Daniel A. Carroll, | Title: Twenty-One Countries Sign Agreement to Lower Tariffs | 4/18/1979 | See Source »

...shift will be small and widely dispersed, which would mean better jobs in a booming export industry rather than major unemployment in a shrinking import-geared industry," McCulloch predicted...

Author: By Daniel A. Carroll, | Title: Twenty-One Countries Sign Agreement to Lower Tariffs | 4/18/1979 | See Source »

...most popular method of avoiding the 25% duty is to import trucks in two parts, in which case only a 4% tariff applies. After clearing customs, the chassis (including the cab) is joined to the cargo bed, a process that a Datsun spokesman concedes "can be performed in a matter of minutes." Toyota has a different stratagem: it builds the cargo beds in California and imports the cabs and chassis. The most ingenious ploy is GM's. Chevy Luvs are sent from Japan to Tacoma, Wash., with the chassis and bed loosely attached. The two parts are separated...

Author: /time Magazine | Title: Business: Duty Dodgers | 4/16/1979 | See Source »

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