Word: steels
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Although Reagan's steel-import restriction plan does not involve direct Government expenditures, it will be costly: consumers will pay billions more for everything from automobiles to canned goods. Moreover, it may be a significant Administration nod toward protectionist trade policy (see ECONOMY & BUSINESS...
...Imported steel has now captured at least a quarter of the U.S. market. Steel companies and the United Steelworkers have lobbied for import restrictions...
...only two or three days a week, he tries to avoid addressing complicated issues or difficult audiences. His strategists prefer a succession of snapshots: Reagan amid a lift-off of 5,000 balloons in Waterbury last week, Reagan surrounded by smiling workers during a planned visit to an Akron steel plant this week. The idea is simple: just keep the jaunty President walking on the sunny side of the street...
When the bomb went off in East Beirut, workmen were preparing to install a steel gate near the dragon's teeth that would strengthen security by giving guards a little more time in which to deal with a possible emergency. The white-painted gate was still lying on the sidewalk, waiting to be put into place, and the cement in which the gateposts were set was still wet. In the aftermath of the tragedy, a Lebanese guard said that he thought the dragon's teeth had been placed too far apart to force traffic to a crawl. Countering...
...long-awaited decision last week that left no one jumping for joy, President Reagan ruled out import quotas to shield the American steel industry from cheaper foreign steel. Instead he opted for a system of voluntary restraints on shipments to the U.S. by producers in Japan, Brazil, South Korea and elsewhere and vowed stiffer enforcement of existing Fair Trade laws. Unionized steelworkers said Reagan did not go far enough toward protecting their jobs. The steel industry, drained by $4.7 billion in losses during the past two years partly because of foreign competition, had lobbied for more protection...