Word: tariff
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Middle-class baby boomers are overtaking the rich and elderly as the primary clients. Typically, 25 years ago, three-quarters of the customers were the wives of executives. Now half the women guests are themselves high up on the corporate ladder. They can afford the steep tariff, generally $1,500 to $3,000 a week, and consider it a necessity to get away when they are feeling frayed. Explains Michele Roskov, 27, a TV and film producer in Los Angeles: "It is an appointment with myself. The rest of the year is spent on appointments with everyone else." Another change...
While President Reagan was criticizing the House bill as protectionist, he had to make a difficult decision involving a recommendation from the International Trade Commission. Responding to a complaint from the Northwest Independent Forest Manufacturers, the ITC had decided that the U.S. should impose tariffs on imports of Canadian red cedar shakes and shingles because they were damaging American producers of those products. Under U.S. trade law, the White House had until last Saturday to act on the ITC recommendation, and the President chose to slap a 35% tariff on the Canadian shakes and shingles. The levy will be phased...
Ottawa's reaction was immediate and intense. Calling Reagan's action "bizarre" and "appalling," Prime Minister Brian Mulroney denounced the tariff as "pure protectionism...
Reagan may have been sending a signal that the White House intends to take a tough line in new trade negotiations with the Canadians, which got under way last week. The tariff also demonstrated that the White House, like Congress, can be moved by pleas for protectionism...
Bachrach said he supported a protective tariff for the nation's ailing automotive industry--but not one for the shoe industry. He characterized the difference between these two cases as "between acute problems and chronic problems...