Word: tariffs
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...really a "bi-drive recreational all-terrain transporter." The difference is important, at least to the manufacturer and U.S. Customs. By placing two seats in the BRAT'S cargo area, Subaru is able to import the machine as a car, on which the tariff is only 3%, rather than as a truck, on which the import tax is a far heftier 25%. Last year Subaru imported 22,945 of the BRATS...
Blumenthal came under considerable pressure from his hosts to help get China most-favored-nation status, which would cut U.S. tariff barriers. But China's immediate export potential is modest. The size of the country's mineral and oil reserves is uncertain, and they cannot be quickly exploited. Joint ventures will help, and the most likely schemes will give foreign companies a 49% stake if they put up the cash and expertise in exchange for a share of future production. Talks along these lines are already going on with major U.S. oil companies, which want to explore offshore...
...problem may soon lead to some difficult negotiations over East-West trade. At issue is most-favored-nation status (MFN), whereby a foreign country is able to export goods to the U.S. at much lower tariff rates. Actually, MFN is a misnomer, since over 95% of the U.S.'s trading partners enjoy that status. Only a handful of Communist countries, including China and the Soviet Union, face discriminatory tariffs that in some cases are double. The Soviet Union is barred from MFN by the Jackson-Vanik amendment to the 1974 trade bill, which links commercial opportunities for Communist governments...
While their wives went to programs for the women's division (Joan Kennedy spoke to them about improving one's self-image), the men attended seminars on such subjects as the potential deregulation of the industry (the owners don't want it) and the tariff problems of heavy carriers. Representatives from all 51 A.T.A. state chapters listened, debated (often heatedly) and took notes. "Our company feels this is a way of life," said Newton Graves Jr., a vice president of Yellow Freight System, one of the nation's largest common carriers. "We have 15 people...
American businessmen and some Government officials take a different view. Some argue that the Japanese language constitutes a trade barrier. Assistant Commerce Secretary Frank Weil agrees that the technical quotas and tariff restrictions have now been largely dismantled and that "there are really few restrictions on manufactured goods." But, he adds, they have been replaced by something different: "a mentality on the part of the average Japanese businessman that says 'I've been told for a hundred years I shouldn't import. I can make it here.' It's a sort of conditioned reflex." Says...