Word: imported
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Britain wiped out import quotas on all but a handful of U.S. goods that have been barred or restricted for 20 years. Its gesture is expected to whet demand for American-style cocktail dresses and printed skirts, other readymade clothing of new, washable fabrics that are still high-priced in Britain. Novelties such as blue jeans, California apple juice, well-designed U.S. toys, and costume jewelry should also fare well. But Detroit automakers expect no gain, since steep British import duties and sales taxes, added to transport costs, double U.S. price tags. U.S. cars are considered too big, too flary...
France scaled down (from 30% to 27%) import duties on U.S. autos, electric razors, farm machinery. France is giving the U.S. the same reductions it gives its Common Market neighbors. Import quotas on about 200 items ranging from textiles to household appliances were also scrapped, and Pinay promised to junk all remaining import quotas within two years. Foreign-trade experts doubt that this will mean any sizable overall boost in U.S. sales in competition with heavily protected French industry...
...birth, his father was a teacher of Romance languages at Massachusetts' Amherst College. But he soon quit as a result of a quarrel with the college president, moved his family to New York, where he studied law at night, scraping a living by translating documents for export-import firms. A few years later, the family moved to Baltimore, where the elder Symington practiced law, winding up as a county judge...
Three years ago, in the disorder that followed the Suez invasion fiasco, Great Britain was faced with such a run on the pound sterling that it asked for and got $500 million in credit from the U.S. Treasury through the Export-Import Bank. But confidence in the pound was restored so quickly that only $250 million of the money was actually borrowed-on ?300 million security posted by Britain, to be repaid at 4.5% in ten installments from 1960 to 1965. Last week, with Britain's economic rebound having turned into a full-fledged boom, and the first favorable...
ATOM POWER PLANT for Italy will be partially financed by $34 million Export-Import Bank credit. New facility, largest private industry nuclear plant in Europe (165,000 kw.), will be built by 1964 to serve northern Italy, at total cost of $64 million, using Westinghouse Electric Corp. nuclear equipment...