Word: tradings
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Dates: during 1980-1989
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...opposition has been Lord, whom Eagleburger wanted to be Assistant Secretary for East Asia. And as a sop to the right, a former Helms protege, ( Richard McCormack, got the job of Under Secretary for Economic Affairs, instead of almost everyone's first choice, Robert Hormats, a highly regarded international trade specialist...
Those seizures underscore a little noted but crucial fact of life in the $130 billion cocaine business: the drug trade is a two-way street. The cocaine flows from mostly Third World producers to the U.S. and other industrialized nations, but the chemicals and other materials needed to turn coca leaves into cocaine flow from the industrialized nations to the Third World. By participating in this Faustian technology transfer, the drug-consumer nations are, in effect, providing vital raw ingredients for the scourge that bedevils them and that they often blame exclusively on coke-producing countries. "Look at all this...
...last week. But there was little cause for worry. When Noboru Takeshita became the first foreign leader to hold a face-to-face meeting with the new President, the 2 1/2-hour session was as mild as Washington's 60 degrees F February weather. Gone were the threats of a trade war. Absent too was much of the anger that provided a harsh overtone for recent U.S.-Japanese summits. In their place was the hope, albeit still as fragile as a cherry blossom, for an era of growing harmony between the two countries that together represent almost half the non-Communist...
...ritual rhetoric could not paper over the underlying problems in the relationship between the two allies. Chief among them is Japan's stubborn trade surplus with the U.S., which now seems stuck at more than $50 billion a year. After shrinking during much of 1988, the trade gap widened significantly last November, leading some economists to conclude that the improvement has at least temporarily stalled. The trade gap has defied such remedies as the dollar's steep two-year decline, which was expected to slow Japanese exports to the U.S. by making them more expensive. One reason for the lack...
Nonetheless, Japan has made solid progress in overhauling its economy to help ease the trade imbalance. The country is phasing out protectionist quotas on U.S. beef and citrus products, for example, and has opened its construction market to foreign bidders. Japan imported 48% more U.S.-made computers and office equipment in 1988 than in the previous year, and 55% more semiconductors and telecommunications equipment. "A massive structural change has taken place in the Japanese economy," says economist Noriko Hama of the Mitsubishi Research Institute. "We are much more import-oriented than we were a couple of years...