Word: importent
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Dates: during 1970-1979
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There is some question whether even these increases serve the industry's own best interests. The Administration is now engaged in setting "reference" (minimum) prices for imported steel, which has captured 20% of the American market in recent months. Any foreign metal sold below the reference prices would automatically be subject to a heavy tariff. The reference prices probably will be pegged to the cost of producing and transporting Japanese steel. The aim is to stop foreign "dumping" of steel (that is, selling of imported metal below cost) and to bring import prices close to the U.S. price level...
...stockpile crude oil, liberalize foreign aid and speed up the growth rate of the Japanese economy from its present annual rate of 5.3% to 7% next year. A key provision calls for tariff reductions averaging 23% on 318 items, mostly industrial goods. For example, the 6.4% Japanese tariff on imported autos would be entirely eliminated. Tariffs on computers would be dropped from 13.5% to 10.5% and on color film from 16% to 11% -two important items. But quotas on the amount of beef that Japanese hotels can import would only be doubled, to 2,000 Ibs. in the current fiscal...
Nonetheless, just as both sides in a labor negotiation can overplay their hands and wind up with a strike that nobody wanted, the Japanese-U.S. trade impasse is dangerous. Any effort by Fukuda to reduce Japanese import barriers further will meet fierce opposition from Japanese farmers, businessmen and workers. On the U.S. side, the Carter Administration must win some significant concessions from Japan soon, or Congress may enact highly restrictive limits on Japanese goods sold in the U.S. At week's end Ushiba was headed back to Japan for consultations, and officials in the Japanese government were mentioning...
...Truck sales are setting records, indicating that buyers are still in a spending mood. German and Japanese makers are raising the prices of the cars they sell in the U.S. by 3% to 4%, reflecting the rise of their nations' currencies against the dollar and promising less stiff import competition to Detroit. More important, the domestic industry has come up with some hot new or redesigned models. GM has heavily scored with a new four-door Chevette. Ford's Fairmont and Zephyr, which have replaced the Maverick and the Comet in the compact class, are moving...
...Machine ($120 de luxe, $100 without blender). Another French import. A fast machine, but also the most complex; capacity too small...