Word: tariff
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...game. That seems to be the strategy adopted by the United Auto Workers against Japanese companies that this year have wrested away 21.5% of the U.S. car market. With 215,000 of its 1.1 million members out of work, the U.A.W. is pushing hard for new quotas and tariff barriers to block imports. At the same time, the union has mounted a nationwide campaign that pressures both the public and the politicians who control government purse strings to pass up fuel-thrifty Japanese models and buy American...
...attempt to damp down such prices, Dr. Joe has adopted a policy of lowering Argentina's once fearsome tariff walls to allow cheaper foreign goods to flow into the country. Import duties have averaged over 45%, but the goal is to reduce them to 15% by 1984. The Argentine balance of payments will remain in the red this year, despite the export of grain to the Soviet Union following the embargo of U.S. sales to that country in January in retaliation for the Afghanistan invasion. The Soviets will buy $800 million worth of grain and meat from Argentina this...
...place to go record shopping is a small downtown park, just off Mayakovsky Square. The most desirable rock albums, often on tape, are available there, says a Muscovite fan who frequents the park, "if you approach the right people. If you can wait. If you can pay." The tariff is high. A Rolling Stones album may go for 80 rubles (about $120). Prices for mint-condition albums range from 50 to 70 rubles ($75 to $105), which makes record buying a gilt-edged hobby. Cassette tapes are cheaper (around 40 rubles), or even less if they have been copied from...
THESE TACTICS have not been particularly successful for Third World nations. Devaluation has traditionally been used to stimulate exports; but the light industry of most Third World nations finds little export opportunity open to it. Developed economies are shut off to a potential exporter by tariff and other trade barriers, and other undeveloped economies are facing austerity measures of their own and can buy no more...
...business. If Government would just get out of the energy business and leave the oil companies alone, the greatest petroleum geologists have told me we would not have to buy from OPEC." Reagan ignores the fact that before 1971, the Government was heavily involved in energy, largely by erecting tariff barriers to protect the prices of domestic oil and to limit imports. As for those future supplies that Reagan sees waiting to be drilled, the American Petroleum Institute says that if all the economically recoverable oil in the U.S. were being drilled, production would be increased by 4 million...