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Protectionism Trade

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BUSINESS
March 13, 1992 | From Associated Press
The world trade organization accused the United States on Thursday of using protectionist measures to curb cheap imports. The United States also faced a barrage of criticism from individual members of the 103-nation General Agreement on Tariffs and Trade during a two-day review of Washington's trade practices. U.S. Ambassador Rufus H. Yerxa said the review, based on a new GATT study, helped clear the air. "We're willing to take our lumps. We can dish it out, but we can take it."
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BUSINESS
November 12, 2006 | Tom Petruno, Times Staff Writer
The momentous power shift on Capitol Hill last week briefly sounded alarm bells on Wall Street. Some investors quickly dumped healthcare and defense stocks on fears that the Democratic takeover of Congress would hurt those industries. But apart from those sectors, the market couldn't identify many other potential casualties of the changeover. If the end of the 4-year-old stock bull run is near because Republicans no longer rule the House or the Senate, it wasn't apparent in broad market indexes.
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NEWS
May 22, 1993 | LESLIE HELM, TIMES STAFF WRITER
As front-page newspaper reports here Friday warned that Washington will soon insist that Japan take Draconian measures to cut its trade surplus, this country released a new study of its own, saying that undue U.S. emphasis on trade balances could usher in a new era of protectionism.
BUSINESS
July 1, 2005 | From Reuters
Two U.S. senators said Thursday that they had agreed to delay a vote on a bill threatening China with steep tariffs after being convinced that China could revalue its currency soon. Sen. Charles E. Schumer (D-N.Y.) and Sen. Lindsey Graham (R-S.C.) told reporters that they had struck a deal with Treasury Secretary John W. Snow to put their bill on hold until later this year, giving China more time to act on its own to revalue the yuan.
NEWS
April 30, 1987 | ROBERT SHOGAN, Times Staff Writer
For hard-driving Rep. Richard A. Gephardt, House approval Wednesday of his controversial amendment toughening U.S. trade policy means attainment of a legislative goal that the Missouri Democrat has been striving toward for months. Even more important for White House aspirant Gephardt, the House action moved him a significant rung up the ladder in his climb toward a more difficult objective--capturing his party's 1988 nomination.
BUSINESS
January 11, 1993 | JOHN M. BRODER, TIMES STAFF WRITER
The entertainment industry, convinced that President-elect Bill Clinton will do more to advance its interests overseas than the outgoing Bush Administration, is urging White House officials to abandon efforts to complete a new world trade accord by Jan. 20. Hollywood executives consider a proposed global trade agreement being negotiated in Geneva to be fatally flawed because it allows countries to restrict imports of American-made films and television programs.
BUSINESS
March 4, 1991 | GEORGE WHITE and TERESA WATANABE, TIMES STAFF WRITERS
A growing number of Asian nations are considering forming an Asia Pacific trade bloc to counter what they fear is increasing protectionism from trade zones being created or proposed by the European Community and the governments of North America. The scheme--by promoting trade between many Asian nations that until now have not been close trading partners--is in some ways more ambitious than the plan that will create a single economic European Community in 1992, analysts say.
BUSINESS
August 3, 1995 | CHRIS KRAUL, TIMES STAFF WRITER
Pardon the Ecuadoreans for being a little dubious about "free trade." An international banana war triggered by the European Union has devastated plantations clustered around this coastal city. The effect has been the same in Panama, Guatemala, Honduras and El Salvador. It has also rippled through the boardroom at Dole Food Co. in Westlake Village and clobbered consumers in Europe.
BUSINESS
October 23, 1989 | KARL SCHOENBERGER, TIMES STAFF WRITER
Nearly five decades after the infamy of Pearl Harbor, Japan and the United States once again find themselves in a state of belligerence. This time, however, it is a war of words instead of bullets, and casualties are counted in terms of disputed opinions, warped perceptions and ruffled sensibilities. So much fur is flying these days that it is easy to lose sight of the fact that Japanese and Americans still basically like each other.
NEWS
September 29, 1988 | ART PINE, Times Staff Writer
Branding it "protectionism at its worst," President Reagan on Wednesday vetoed controversial legislation that would increase quotas on textile imports, saying it would threaten American jobs, raise prices and jeopardize prospects for increasing U.S. exports around the world. White House spokesman Marlin Fitzwater said that the President is confident Congress will not override the veto.
BUSINESS
June 24, 2005 | Joel Havemann, Times Staff Writer
As the proposed Chinese purchase of Unocal Corp. fanned protectionist passions in Congress, Federal Reserve Chairman Alan Greenspan warned senators Thursday not to let their frustrations with China's economic policies breed reactions that would do the U.S. economy more harm than good. Proposed tariffs against Chinese goods and other forms of protectionism would significantly lower U.S. living standards and would not save American jobs, Greenspan told members of the Senate Finance Committee.
BUSINESS
March 4, 2004 | From Associated Press
Mexico partially lifted its ban on U.S. beef imports, announcing that boneless cuts from animals less than 30 months old and veal from animals less than 9 months old could be imported. The government had imposed a ban Dec. 24, the day after a single case of mad-cow disease was reported in Washington state. Mexico has been the second-largest foreign market for U.S. beef. From Associated Press
BUSINESS
January 27, 2004 | From Bloomberg News
U.S. lawmakers should avoid protectionist policies as labor markets pass through a realignment that is causing a "high degree of pain" for some workers, Federal Reserve Chairman Alan Greenspan said. "Competition from abroad has risen to a point at which developed countries' lowest skilled workers are being priced out of the global labor market," Greenspan said via satellite to the HM Treasury Enterprise Conference in London.
BUSINESS
August 23, 2002 | MELINDA FULMER, TIMES STAFF WRITER
Squeezed between rising costs and stiff competition from imports, California food growers have been looking for ways to convince consumers and retailers that their crops are worth paying more for. State agriculture officials unveiled one possible solution Thursday, in the form of a "California Grown" advertising campaign to persuade Californians to buy produce from their home state.
BUSINESS
March 28, 2002 | From Associated Press
The European Union's head office formally adopted tariffs of up to 26% on steel Wednesday to prevent a feared flood of cheap imports from countries hit by U.S. protective measures. Labeling the U.S. tariffs, which took effect last week, "unfounded, unnecessary and unfair," EU officials said they were forced to respond in kind to safeguard Europe's own shaky steel industry. Warning against "over-dramatization," however, they also appealed for a truce to avert a transatlantic war.
BUSINESS
December 15, 2001 | Bloomberg News
A U.S. trade agency's recommendation that President Bush levy tariffs of as much as 40% on steel imports would cost steel buyers more than $2 billion a year and lead to three job losses for every one saved, a group representing steel-consuming companies said. The Consuming Industries Trade Action Coalition, representing Caterpillar Inc., Procter & Gamble Co., Deere & Co. and other steel buyers, is joining the fight against tariffs proposed last week by the U.S. International Trade Commission.
BUSINESS
December 15, 2001 | Bloomberg News
A U.S. trade agency's recommendation that President Bush levy tariffs of as much as 40% on steel imports would cost steel buyers more than $2 billion a year and lead to three job losses for every one saved, a group representing steel-consuming companies said. The Consuming Industries Trade Action Coalition, representing Caterpillar Inc., Procter & Gamble Co., Deere & Co. and other steel buyers, is joining the fight against tariffs proposed last week by the U.S. International Trade Commission.
BUSINESS
August 23, 2002 | MELINDA FULMER, TIMES STAFF WRITER
Squeezed between rising costs and stiff competition from imports, California food growers have been looking for ways to convince consumers and retailers that their crops are worth paying more for. State agriculture officials unveiled one possible solution Thursday, in the form of a "California Grown" advertising campaign to persuade Californians to buy produce from their home state.
NEWS
December 16, 1999 | EVELYN IRITANI, TIMES STAFF WRITER
The failure of global trade talks in Seattle has sent governments around the world scrambling to strengthen economic ties with their neighbors, accelerating a trend that trade experts say could undercut U.S. influence and opportunities abroad.
BUSINESS
July 1, 1999 | CHRIS KRAUL, TIMES STAFF WRITER
The Europe-Latin America summit that ended here Tuesday provided a good forum for bashing an uninvited guest--the United States--for what some countries say is its tendency to talk the free-trade talk but walk a more protectionist line. Brazil and other Latin countries complain about U.S. restrictions on products ranging from sugar, tomatoes and orange juice to steel, textiles and shoes, often in the form of anti-dumping penalties. Difficulties getting into the lucrative U.S.
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