Word: tradings
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Dates: during 1980-1989
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Nakasone and Reagan parted on an upbeat note during a final visit in the White House Rose Garden, and agreed that the trade deficit was "politically unsustainable." But both nations must now demonstrate far more than a will to discuss their problems during summit meetings. They must show that they can attack and solve the trade differences that are steadily turning the two close political and military friends into bitter economic rivals...
...Congress of South African Trade Unions, the black labor organization whose offices had previously been raided by police, last week won a court order against such harassment. But the next day police found the bodies of four black railway workers, who had been stabbed and burned, in the Johannesburg rail yards. A fifth body was discovered in Tembisa township, to the east of the city. White officials charged that the five had been killed by blacks for refusing to join the strike. Police once again raided the COSATU offices, this time armed with search warrants, and arrested twelve people...
Reagan and Nakasone meet and try to avoid a trade clash. -- An American death in Nicaragua. -- U. S. to Waldheim: stay home...
Amid all the hand wringing about the huge U.S. trade deficit, Americans have at least been able to point with pride to their jet builders. Boeing and McDonnell Douglas won more than 65% of world orders for commercial passenger planes last year. But that dominant position grows more precarious by the day. Europe's Airbus Industrie, which once seemed like a tiny speck on the horizon, is closing fast with hot new planes and cut-rate prices. Subsidized by European governments and charged by its rivals with making underhanded deals to win sales, Airbus has brought fiercer competition...
...international aircraft rivalry has become a major source of contention between U.S. and European trade representatives. Washington is naturally alarmed that the American aerospace industry, which generated a surplus of $12 billion in its overseas trade last year, could be damaged by unfair subsidies to a foreign competitor. The Administration is negotiating with the Europeans in an effort to persuade them to them to curb the Airbus subsidies. Said U.S. Trade Ambassador Michael Smith last week: "We want to defuse the tension...