Word: shoes
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Still other possible features of a generic trade act, however, would be definitely counterproductive. Congress may try to limit the President's power to override International Trade Commission recommendations, like the one to impose a shoe quota. But while the ITC properly focuses on whether industries are injured by imports and what measures might afford relief, the President must consider broader matters, such as the interests of consumers and foreign relations. Reagan is strongly opposed to any restrictions on presidential prerogatives, but he has bent in the past to congressional pressure...
...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...
...high school cross country coach used to tell the story of a girl he coached who lost a shoe in a mud puddle at the state cross country meet, and still finished ninth...
...weeks ago, while training for this month's New York Marathon, I took a break and went to a running shoe store to check out a pair of the new yellow Sock Racer...