Word: tradings
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Dates: during 1980-1989
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Many restrictions were lifted after bargainingefforts by the office of the U.S. TradeRepresentative, which threatened to imposeeconomic sanctions if tobacco compnaies were notallowed to trade on equal footing with domesticproducers...
...President Reagan's best applause lines last week was an economic figure with a lot of punch. "The news is very good," he said, provoking suspense among his audience of 9,000 people at Southeast Missouri State University. His bulletin: the U.S. trade deficit plunged to $9.5 billion during July, down from $13.2 billion in June and the smallest since December 1984. "When America goes into the market to compete," Reagan declared, "we play to win." The trade figures, which reflected a 0.7% boost in U.S. exports and an 8.9% drop in imports, prompted almost giddy reactions within the Administration...
...some economists were murmuring their doubts even as they welcomed the improvement. From January through July, the trade gap was running at an annual average of $137 billion, down from $170.3 billion last year. By historical standards the deficit remains enormous, and further progress may become increasingly difficult. A prime reason is that America's factories, which went through a long period of downsizing for efficiency's sake, no longer produce the diversity or volume of products needed to meet the heavy demands of a healthy U.S. economy...
...after damage, Seaga declared that the impoverished island's economic expansion, percolating at 5% last year, had been set back a decade. That estimate may have been unduly pessimistic, but not by much. Most visibly, the glossy hotels and clubs that pull in the island's tourist trade were left a shambles, especially in the popular north-coast resort areas of Montego Bay and Ocho Rios. The banana crop, which was expected to produce a banner 50,000- ton harvest this year (up from just 10,000 tons in 1984), was largely destroyed. So were the coconut, coffee, sugar...
...since 1951, when Hurricane Charlie whipped through the island, has Jamaica been so brutally crippled. Fortunately, Jamaica is no longer as vulnerable to disaster as it was 37 years ago. "Hurricane Charlie left us with nothing but church and prayers," says Peter King, the country's chief trade representative abroad. "This time we're not rolling over. Our economy is more diversified, and we'll stride forward. We're not going to let the clock run backwards...