Word: wool
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Dates: during 1970-1979
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Ways and Means Chairman Wilbur Mills, a backslid free trader, shrewdly senses the rise of protectionist sentiment among politically potent forces. The bill, which Mills expects to report out by month's end, would impose mandatory quotas on imports of foreign shoes and synthetic and wool textiles. Furthermore, it would force President Nixon to continue curbing oil imports by a quota system, rather than replace the quotas with a less restrictive tariff. The oil deal was wrapped up in eight minutes. Even that might be only the beginning. An omnibus provision authorizes the President to put quotas...
...made channels that allow the fish to bypass barriers on their way upriver to spawning lakes. Conservationists are also bringing back the takahe, a large New Zealand bird that resembles the extinct dodo, and the vicuña, a llamalike Peruvian animal that has been overhunted for its luxurious wool...
Swiss-born New Yorker Franchise Grossen knots wool and sisal into shields of intricate scalloping. The shaggy tapestries of Poland's Magdalena Abakanowicz have the look of untanned animal hides. The loose, three-dimensional web of New Yorker Sherri Smith's Volcano no. 10 hangs clear of the wall so it can be seen from either side. Paris-based Nebraskan Sheila Hicks abandoned the loom altogether to create her modular The Principal Wife, eight individual units that hang from a rod and can be added to indefinitely...
...billion, largely from Japan (though South Korea, Taiwan and Hong Kong are increasingly important contributors). Last year the U.S. trade deficit with Japan amounted to $1.5 billion, and textiles alone accounted for $504 million. The Nixon Administration has insisted that Japan agree to quotas on all exports of wool and synthetic textiles to this country, and charges that the Japanese refuse to cooperate. The Japanese say that they have offered to restrain shipments of any particular exports that have demonstrably injured U.S. industry...
Payment on a Pledge. For their part, the Japanese argue that they are being pressed for quotas because of a Nixon campaign pledge to the big, old and politically powerful textile industry. During the 1968 campaign, both Nixon and Hubert Humphrey promised protection that would hold back imports of wool and man-made fibers by international agreement, much as cotton textiles have been restricted since 1962. Textiles today are less important to Japan's trade balance than they once were; that country has been switching its export emphasis to costlier and more complex products, like television sets and turbines...