Word: shoeing
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Dates: during 1980-1989
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...textile, or textile-shoe, bill is the forerunner of more than 200 measures that would curb imports. There are bills that would reduce imports of ^ copper, timber, even roses and "waterbed mattresses, liners and parts thereof"; bills that would penalize all imports from particular countries --mainly Japan, naturally--or groups of countries; bills that would require regular intervention in exchange markets. Many are based on a crude idea of reciprocity: buy more from us or we will buy less from you. Thus a bill drafted by Democrats, but boasting strong Republican support as well, would slap a 25% penalty tariff...
Many factors combined to produce that surge. The figures on the trade deficit seemed to cry for action. Last spring the International Trade Commission found that the shoe industry was being crippled by competition from low-priced imports and recommended that Reagan impose a strict quota on foreign footwear. But in August the President refused, warning of a trade war and renewed inflation if he acquiesced. His action convinced many on Capitol Hill that the Administration would not help even the most severely affected industries unless Congress forced his hand...
...shoe industry seems...
...shoe industry is doomed," says Seymour Fabric, president of the Southern California Shoe Manufacturers Association. "It's heartbreaking." In Maine, eight shoe factories have closed in the past 18 months, with a loss of about 7,600 jobs. In neighboring New Hampshire, shoemakers employed almost 11,000 workers a decade ago; this year fewer than 7,000 are at work...
Under a provision of the trade laws that allows industries facing extinction to apply for relief from foreign competition, the U.S. International Trade Commission recommended last June that the Administration cut the foreigners' share of the U.S. shoe market from 71% to 68%. President Reagan's refusal to do so was backed with coolly blunt reasoning: "To save a few temporary jobs, we would be throwing many other Americans out of work, costing consumers billions of dollars, further weakening the shoe industry and seriously damaging relations with our trading partners...