Word: tradings
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Dates: during 1980-1989
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...prospect of vigorous trade (and not just in black-market blue jeans...
...rewarded. Good waiters get better tips. None of this is new, but it seems finally to have been accepted in large measure throughout the world. Twenty- six years ago, selling your jeans could land you in a Soviet prison. In May of this year, the Soviets put on a trade show in San Francisco to try to attract trading partners and investors like Levi Strauss...
...plan exposed a rift within the Administration over trade policy. Commerce Department officials argued that easing export controls would allow U.S. companies to compete with computer makers in such countries as Taiwan and Singapore, which already sell relatively advanced machines to Soviet-bloc buyers. But Defense Secretary Richard Cheney, who advocates strict controls on the transfer of American technology to Moscow, warned that the Soviets would use the U.S. computers for military purposes. Nonetheless, a Cheney aide said the Defense Secretary would not ask Bush to reverse the Commerce Department decision...
Economists have been hoping that a modest slowdown would help ease another thorny problem, the U.S. trade deficit, by suppressing the American appetite for imported goods. So far, that has not happened. The Government announced last week that the trade deficit swelled to $10.2 billion in May, up from $8.3 billion in April. Especially troubling was a 4.3% rise in imports, to a record $40.7 billion, which suggested that foreign brand names remain a powerful enticement for U.S. shoppers...
...overseas sales grew at a healthy 15% annual rate, but fell 0.9%, to $30.5 billion, in May. Those who predict a soft landing see the one-month reversal as only a temporary setback; others are more troubled. Says Allen Sinai, chief economist of the Boston Co. Economic Advisors: "The trade-deficit report is yet another sign of the potential for a recession sometime within the next six to nine months...