Word: tradings
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Dates: during 1980-1989
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...politicians think the time has come to be more discriminating about which exports to control. Billions of dollars in high-tech business is being lost to foreign rivals because overseas buyers are wary of America's far-reaching restrictions. Last year the U.S. posted a deficit in high-technology trade -- $2.6 billion -- for the first time ever. In 1980, by contrast, America had a high-tech surplus of $27 billion. "We ought to be placing higher fences around fewer items," says Jim LeMunyon, senior manager of government relations for the American Electronics Association...
...export-decontrol momentum is building. In a notable change of philosophy, the U.S. recently went along with a COCOM decision to remove controls on shipments of personal computers. Likewise, the two trade bills approved by the House and Senate both contain provisions that would prevent the Government from restricting U.S. sales of high-tech items that other industrial nations already sell on the open market. The movement will no doubt meet some resistance. North Carolina Republican Senator Jesse Helms is threatening to block the confirmation of C. William Verity, President Reagan's nominee to become Commerce Secretary, on the ground...
...attached to a defense-appropriations bill President Reagan has promised to veto because it places restrictions on his Strategic Defense Initiative. The bill, nonetheless, serves as a message to Ayatullah Khomeini: the U.S. is no longer willing to conduct business as usual. Ironically, there had been few restrictions on trade with Iran since the resolution of the 1979-81 hostage crisis, largely because of the Reagan Administration's feeling that such embargoes are not effective...
Liddy Dole is neither mother nor housekeeper. She is a power broker who happens to have a North Carolina accent, which undoubtedly will deepen as the campaign wears on and she fields policy questions about nuclear arms, budgets, trade balances, airline safety. Strategic issues will not be escaped as they were by Nancy Reagan, who once joked that she had planned to discuss nuclear disarmament with her husband but decided instead to clean out his sock drawer. Liddy Dole will be expected to know -- and she will...
...Pentagon accuses the Commerce Department of letting computers and other sophisticated gear slip into the hands of the Soviets. But advocates of freer trade point out that U. S. restrictions are tight enough to cost the country $9 billion in lost sales every year. -- Investors find profits by taking stock in bankruptcy. -- A new book tells how the Chinese vanquished famine...