Word: imported
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...Kept up the heat on steel. The Cabinet Committee let it be known that it was still studying steel prices, and the Administration did not hurry to resume talks with foreign governments about ex tending the import quotas. Steelmen expect to raise prices on bars, rods, pipe and sheet this spring. The obvious message from the White House is that the companies had better not boost them more than...
...program envisioned will focus on a commodity import program, hopefully concentrating on a wide range of essentials such as rice, wheat, fertilizers, pharmaceuticals, gasoline, tools, electrical and industrial machinery, rubber products, tractors...
...combat. In part their dependence stems from a highly unusual method chosen by U.S. policymakers to control South Viet Nam's inflation. To siphon off the excess buying power that resulted from the huge inflow of dollars, the U.S. directed much of its aid toward financing massive imports of luxury goods-thus increasing supply to match demand. The bank points out that Vietnamese businessmen make "quick and exorbitant profits" by securing import permits and selling foreign goods at outrageous markups. Bureaucrats collect bribes for dispensing the permits, and the Saigon government gets most of its income from import taxes...
...cartridges, linked together and fastened by several dummy bullets at the front, the belt first turned up in London this fall. There, two sharp-eyed American women zeroed in on it. Francine Farkas, wife of the president of the Alexander's Department Stores in New York, arranged to import the British version, presently selling out (at $25). Caren Ross, a Philadelphia housewife, bought the belt "purely for fun," found friends offering as serious a price as $100 for it. Promptly, Mrs. Ross set up shop in a corner of her husband's electronics factory, is currently selling close...
TRADE. President Nixon had proposed, and the House had passed, new restrictions on textile imports, partly to repay such Southern states as North and South Carolina for support in his election to the presidency. But a band of liberal Senators, led by Oklahoma Democrat Fred Harris and Republicans Charles Percy of Illinois and Jacob Javits of New York, argued that such protectionism represents a historic reversal of U.S. trade policy and threatens to upset international markets. They vowed that it would not pass, and they were willing to talk it to death. The import quotas, moreover, were thrown into...