Word: shoes
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Labor leaders are outraged because Carter does not consult with them more often on economic policies and seems more worried about inflation than unemployment. They are also upset about his refusal to boost tariffs to protect the shoe industry. Farm groups are angry over his penny-pinching proposals to hold down increases in price supports for their crops. On the other hand, businessmen fear that his plans for stimulating the economy, chiefly through a $50 tax rebate for most Americans, will not help the economy and may spur inflation. To add to the worries of the business community, the Labor...
That said, Carter proposed to restrict trade in a "modest" way. He will try to negotiate agreements with South Korea and Taiwan under which those nations would "voluntarily" cut back exports to the U.S.-mainly of work, athletic and vinyl shoes-in return for a pledge of no tariff increase. The Administration hopes that other nations, such as Italy, Spain and Brazil, will reduce their shoe sales in the U.S. (or at least not increase them) without formal negotiations. The President also pledged to ask Congress for federal aid to the domestic shoe industry that could total $1 billion over...
...Congressmen from shoe-producing states voiced loud displeasure that Carter did not go for tougher restrictions. Free traders will not be overjoyed either, but they have less reason for dismay. Had Carter done no more than reject the ITC recommendation, Congress would probably have overridden his decision and forced enactment of the tariff boost; it might do so anyway. The decision indicates that even under heavy protectionist fire, the President will choose, if not all-out free trade, then as much free trade as he can get away with...
Rock Hill finished last in the first half of the split season, and Anderson imagined a lifetime among tire kickers on Ventura Boulevard. ("Would you believe that people actually do that? Would you believe they buy new cars because of the way a tire feels against a shoe.") Anderson drove Rock Hill to a pennant in the second half of the summer of'65. With one exception-the 1971 Reds-no team managed by.Sparky Anderson has since finished lower than second place...
Tariffs and Quotas. The ITC wants a quota of 265 million pairs-equal to 1974 imports-on the number of shoes that can come in under the present 10% tariff, and quadrupling the tariff to 40% on any additional imports. It would raise tariffs on color TVs from 5% now to 25% for the next two years, then drop them back to 20% for an additional two years. The commission further would cut the quota on sugar, now 7 million tons, to a maximum of 4.4 million tons a year. Labor leaders, businessmen and politicians from regions hurt by imports...