Word: surpluses
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...quest for ways to reduce the U.S. trade deficit, the Reagan Administration has repeatedly urged other countries to grow faster and absorb more American imports. One of the prime targets of the jawboning has been Western Europe, which last year ran up a $26.4 billion trade surplus with the U.S. But if the White House is counting on much help from the Europeans this year, it is likely to be disappointed. That was the consensus of TIME's European Board of Economists, which met in London for its semiannual review of Europe's outlook. Average growth in the gross national...
...companies in a number of sensitive sectors, including supercomputers, semiconductors and civil-engineering services. After four days of talks Smart described the results as "mixed." Smith hinted that April 1 might be the deadline for another sharp confrontation with Japan, which last year enjoyed a $58.6 billion trade surplus with...
...steel sizing ball which had become our weapon was the inexplicable product of a government surplus catalogue. Austin, a veteran consumer of the obscure, has an obsession for buying anything advertised with exclamation points--"Two-inch diameter! 27 ounces!" After three intense hours of academic grundgework--a feat of concentration made more impressive by the blaring conditions forced on us by a merciless stereo--Dave had conceived of a use for the Steel Chrome Sizing Ball. "Boys," he had said, "it's time to relax...
...carpet, battered and bruised by forces beyond its comprehension, awaited the next impact of our mini-wrecking ball. Tiny punctures in its rayon skin were mute testimonials to the kinetic fusion of a warped student wielding two pounds of round, steel government surplus...
...signs are virtually indecipherable, however. Increasingly, what other U.S. officials have been focusing on is the fact that while U.S. trade was in deficit, Japan's trade surplus last year was $82.7 billion and West Germany's $57 billion. Both were records. Japan's trade surplus with the U.S. alone last % year stood at $51.5 billion and West Germany's at about $16 billion. Trade figures released in Tokyo last week showed that despite the dollar's long decline against the yen, Japanese exports to the U.S. actually increased by 23.5% last year, to $80.5 billion...