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Word: tariffs (lookup in dictionary) (lookup stats)
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...result of the two-wheeled skid: H-D's work force has been chopped 40%. The company has asked the International Trade Commission for an average tariff of 40% on Japanese bikes for five years. That, contends HD, would narrow the price gap between Harleys and Japanese bikes to what it was in 1977 before the Japanese began holding down prices. A favorable ITC ruling would not give Harley an open road. President Reagan, a foe of import controls, must decide what relief, if any, Harley gets...

Author: /time Magazine | Title: Uneasy Rider | 12/13/1982 | See Source »

...PAST 35 YEARS. 88 nations have committed themselves to reducing international trade barriers by signing the General Agreement on Trade and Tariffs (GATT). Haunted by the memories of the high tariff policies of the Great Depression and persuaded by the arguments of free trade economics, almost all the world's noncommunist countries have agreed that protectionism is a dirty word. But the tenuous consensus reached in Geneva last Monday by the GATT ministers fails to break down trade barriers. Instead, it just sweeps them under...

Author: By Allen S. Weiner, | Title: Trust-Busting | 12/4/1982 | See Source »

After World War II, members of the victorious Alliance recognized that open trade, which creates global interdependence, would reduce the likelihood of international conflict. The world's trading partners formed GATT so that they could meet at occasional conferences to make mutual commitments to tariff reductions. Nations agreed to lower their trade barriers and to accept increased imports in exchange for the opportunity to expand exports...

Author: By Allen S. Weiner, | Title: Trust-Busting | 12/4/1982 | See Source »

...have all the GATT members met at the ministerial level to determine world-wide trade policy--the Kennedy Round of talks in the early 1960's and the Tokyo Round in 1973. At those meetings, the GATT procedure worked ideally, and trade partners rapidly agreed on remarkable reductions in tariff levels...

Author: By Allen S. Weiner, | Title: Trust-Busting | 12/4/1982 | See Source »

...more dissimilar. Danforth, an uncommonly shy campaigner who appears on the stump infrequently, is an ordained Episcopal priest and an heir to the Ralston Purina dog-food and cereal fortune. He is emphasizing his efforts to help two beleaguered groups-the state's auto workers (with increased tariff protections against imports) and its farmers (with rural enterprise zones). But, as the first Republican elected to the Senate from Missouri since 1946, Danforth is de-emphasizing his ties to the Reagan economic program. One of his political ads urges voters to forget the Republican Party and vote...

Author: /time Magazine | Title: Senators: Toward a Furious Finish | 10/25/1982 | See Source »

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