Word: traded
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Dates: during 1960-1969
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...even more difficult for U.S. steelmakers to compete against foreign companies. The union contends that the best way to combat the problem is by imposing quotas on steel imports, but that solution, obviously favored by the companies as well, runs afoul of the Administration's efforts to lower trade barriers...
...import boom is the result of a three-year-old U.S. Canadian trade agreement that, by eliminating all tariffs on cars shipped across the border, has created a vast if little-noticed common market now accounting for fully one-fifth of the two countries' $14 billion in annual trade. Traffic within that market runs both ways-the U.S. last year imported 318,000 cars from Canada, exported 239,000 to its neighbor in return...
Fully Meshed. Until the trade pact was signed, Canada's U.S.-owned auto plants had to gear themselves to a relatively small market. Although demand was sufficient to justify manufacturing a number of basic models, it hardly warranted turning out a full line. If a Canadian buyer wanted a Thunderbird, it had to be imported-with a 17½% duty added onto the price...
...tariff barriers came down, so did the price that Canadians had to pay for imported autos. At the same time, because of the proximity of their Canadian plants to key American markets, automakers have been encouraged by the free-trade arrangement to expand their production north of the border. For Canada, the payoff is an expanding auto industry, new assembly jobs for its workers and, as a result of growing auto exports, a decrease in the size of its trade deficit with...
Scurrilous Charm. Author Burgess is sounding again an ancient warning of his trade: that the poet's natural enemies remain varied and dangerous. The hostile forces manifest themselves as rich but tasteless patrons, pop singers, and even other poets, one of whom steals the Minotaur theme and turns it into a screenplay for Son of the Beast from Outer Space...