Word: tariff
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Dates: during 1970-1979
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...that Congress, in its present impatient mood, could take severe action against Japanese imports. Anger at Japan's nontariff restrictions has been intensifying in both the U.S. and Europe. Congressional leaders have warned that unless Japan moves more quickly to cut its surplus, Congress will impose a 15% tariff surcharge on Japanese goods, and take other retaliatory steps. Says Senator Lloyd Bentsen of Texas: "I can see no good reason for the U.S. to commit economic harakiri on the altar of a bogus free-trade relationship...
...guidelines program a block away. Blumenthal has been squabbling with Trade Negotiator Robert Strauss. At a Cabinet meeting last month, the Treasury Secretary accused Strauss of having worked out a sweetheart deal with the textile industry that limits imports, in exchange for its support of the Tokyo Round of tariff reductions. Strauss claims his actions were politically necessary...
SAWHILL: We will never have any influence on OPEC until we develop a positive energy policy and a new generation of energy technology to replace oil. We should create a hemisphere energy policy that provides a tariff on oil imports but gives preferred access into the U.S. for Canadian and Mexican supplies...
...added concessions made to protect some industries from tariff cuts, including steel, textiles and clothing, may hurt the effectiveness of the pact...
Vernon added that the agreement is novel because it also restricts non-tariff barriers to trade including government purchases from domestic firms, subsidies for domestic industry and import licensing...