Word: tariff
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Dates: during 1980-1989
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...rich meatiness of a beef-and-tomato sauce better appreciated when wound into the long, sturdy strands of bucatini or when filling the cavities of the convoluted lumache, or snail shell? Have any shapes become so unfashionable that they are being phased out? What will the newly increased U.S. tariff (from less than 1% of value to 40%) do to the price of imported pasta? And, finally, how do they get the holes through the tubes of macaroni...
Rumania does not permit Soviet troops on its soil, and the government of Premier Nicolae Ceausescu allows Jews to emigrate more or less freely. As a reward for such behavior, the U.S. has given Rumania most-favored-nation status, entitling it to low tariff levels on exports...
Support for other protectionist bills appeared to weaken too. Ways and Means Chairman Dan Rostenkowski of Illinois, a principal author (with Gephardt and Texas Democratic Senator Lloyd Bentsen) of the bill to impose a 25% tariff on goods from countries running especially large surpluses in trade with the U.S., has always acknowledged that the bill is likely to be rewritten in ways that he cannot foresee. Gephardt now is voicing hope that if the measure does pass in something like its present form, its targets will trim their trade surpluses enough to escape its provisions. But he admits, "I really...
...Tariffs. Through a series of painstaking negotiations, 17 major industrial countries in the Organization for Economic Cooperation and Development have lowered their tariff levels on nonagricultural goods to about 5%, down from 15% in the 1950s. But mountainous tariff barriers remain a favorite defense against imports in developing countries. Taiwan slaps a 65% fee on imported cars, Mexico charges 50% on textiles, and Brazil demands 105% on wine and sausage...
Even developed countries resort to old-fashioned tariff walls. Japan, which generally has some of the lowest import fees in the world, imposes a 15% to 20% tariff on plywood because of the political clout of its lumber industry. In 1983 the U.S. hiked its duty on large motorcycles from 4.4% to 49.4% to protect Harley-Davidson, the last American manufacturer of the big bikes...