Word: tradings
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Dates: during 1980-1989
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After months of balancing every member's special interest, the House and Senate succeeded last week in producing an omnibus trade bill designed to rein in the ballooning $170 billion trade deficit...
...dead in the water. For all of its merits and none of its flaws, the trade bill of 1988 will not make it past President Reagan's desk...
...essence, the trade bill rejects both unrestricted free trade and short-sighted protectionism, embracing "fair-trade." The bill authorizes the President to retaliate against trading partners that persistently engage in unfair practices...
...bill would overhaul the system under which the United States imposes import curbs and takes other steps to retaliate against international trade violations...
Authority to retaliate would be transferred from the president to the U.S. trade representative. Retaliation would be mandatory, but the bill provides five broadly phrased exceptions, such as threats to national security...