Word: tvs
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Dates: during 1970-1979
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...subjects the manufacturer to a penalty tariff. So the Japanese manufacturer quotes the U.S. importer an official price equal to the Japanese price, then makes under-the-table payments -in effect, illegal rebates-that allow the U.S. company to offer the set at prices that undercut U.S.-made TVs by $100 or more. Sometimes the payments are disguised as rebates or "credits" for advertising or shipping...
...Supreme Court. Meanwhile, Sony is pushing Betamax hard and hopes to have a million units in U.S. homes by decade's end. Zenith will begin selling Sony systems under its own label next fall, and RCA will be marketing a Matsushita-built system by then too. If color TVs and pocket calculators are valid precedents, the price of video-tape units should fall fast. Even if Universal and Disney win a final verdict in, say, 1980, there may be so many machines and tapes in American living rooms that enforcing the decision would be a practical impossibility...
Tariffs and Quotas. The ITC wants a quota of 265 million pairs-equal to 1974 imports-on the number of shoes that can come in under the present 10% tariff, and quadrupling the tariff to 40% on any additional imports. It would raise tariffs on color TVs from 5% now to 25% for the next two years, then drop them back to 20% for an additional two years. The commission further would cut the quota on sugar, now 7 million tons, to a maximum of 4.4 million tons a year. Labor leaders, businessmen and politicians from regions hurt by imports...
There seemed to be scarcely any black Americans, even ones who thought they were well versed in their race's history, who did not come away from their TVs shaken to the core by Roots. Said Aurora Jackson, a social worker in Chicago: "It's one thing to read about this, and another thing to see it. My concept of slavery was always intellectual. For the first time, I really felt I had a picture of how horrible life...
...engaged in a bruising scramble to boost exports. Their efforts have led to a fresh surge of protectionist sentiment. British unions, for example, are demanding stringent import curbs to protect workers' jobs, and in the U.S. business groups are lobbying for limits on imports of shoes and color TVs. Over lunch last week in Brussels, angry officials of the European Community bluntly warned Japanese representatives that they would close the door to some Japanese goods unless the country moves swiftly to reduce its mammoth $4.2 billion annual surplus in trade with Europe. Discontent over inflation and unemployment is shaking...