Word: importent
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Dates: during 1970-1979
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...Congress, such as the so-called Jackson Amendment (see box). In declaring their 1972 trade accord with the U.S. invalid, the Soviets rejected by extension the Trade Reform Act signed by President Ford early this year. Thus the U.S.S.R. spurned lower U.S. tariff rates and $300 million in Export-Import Bank credits, while reneging on their agreement to repay $722 million in wartime Lend-Lease debts...
...Western Europe, the Soviets calculated that only the U.S. could provide the technology for such grandiose enterprises as the $5 billion truck-manufacturing complex on the Kama River. In light of this hunger for credits, Moscow was stunningly humiliated when the Senate tacked an amendment onto an Export-Import Bank bill setting the paltry $300 million limit on the amount that would be available to the Soviets. It was probably this amendment, sponsored by Illinois Democrat Adlai Stevenson III, even more than the emigration amendment tacked onto the trade bill by Washington Democrat Henry Jackson, that finally prompted the Russians...
...Senate votes to amend the Export-Import Bank bill to limit credits to the Soviet Union to $300 million. With the U.S. economy in danger, supporters of the measure argue, Americans are unlikely to favor mass subsidization of the Soviet economy...
...government unable to maintain subsidies, prices on basic foodstuffs have jumped 80%, and inflation is rampant. Although Tanzania has millions of acres of potentially arable land, the inefficiency of the collectivized agricultural system-as well as the prevalence of drought and smuggling-made it necessary for the country to import 40% of its food last year. Tanzania has gone begging on the world market for food aid, but with modest success. The U.S. is providing 20,000 tons of grain as a grant and 40,000 more on easy credit, although it turned down a Tanzanian request...
...Witteveen. The Europeans had advocated borrowing an additional $10 billion to $12 billion from the oil producers for the Witteveen facility this year; but to assuage the U.S., they agreed to add only $6 billion to the $1.2 billion presently in the fund. The Europeans also agreed that oil-import levels will no longer be the sole criterion for granting loans...