March 5, 2000 |
While arguments rage over trade relations with China, U.S. business and government are paying increased attention to another huge country and potential market: India. President Clinton's visit to India later this month will be followed in May by a Commerce Department tour that will bring U.S. manufacturers into contact with Indian business opportunities. India has never been prominent on the U.S. radar screen--not nearly as big and constant an issue as China.
April 6, 1999 |
The Clinton administration moved a step closer to slapping punitive tariffs on Japan, Spain and four other countries with a ruling that they illegally price some stainless steel in the United States. Shipments of stainless round wire from those countries would be subject to tariffs of as much as 36% if the U.S. International Trade Commission determines by mid-May that their pricing practices have injured or could injure U.S. producers.
July 16, 1998 |
Declaring that U.S. foreign policy shouldn't hurt farmers, President Clinton signed legislation exempting agricultural products from sanctions imposed on Pakistan and India, and the Senate later voted to give the president broad authority to temporarily lift all economic sanctions against the two countries. Clinton signed the farm measure late Tuesday, after the House and Senate rushed the bill through.
July 15, 1998 |
The House on Tuesday joined the Senate in voting to protect the nation's wheat farmers from the adverse effects of U.S. sanctions aimed at punishing India and Pakistan for nuclear tests they conducted in May. On a voice vote, House members exempted for one year agricultural commodities from the economic embargo that U.S. law required President Clinton to impose against the two nations. Before the vote, lawmakers expressed concern that the financial damage the sanctions cause U.S.
July 10, 1998 |
With millions of dollars of U.S. wheat exports on the line, the Senate voted Thursday to exempt agriculture credits from sanctions imposed on India and Pakistan in response to their nuclear detonations in May. "The sanctions are supposed to squeeze the targeted country, not the American producer," said Sen. Mitch McConnell (R-Ky.). "We should not sacrifice our farmers in an effort to put the nuclear genie back in the bottle."
June 1, 1998 |
Economic fallout from India's and Pakistan's decisions to go overtly nuclear has begun to descend on the two countries, among the world's poorest, and could become enormously damaging. India, home to more impoverished and illiterate people than any other nation, could be stripped of up to $20 billion in U.S. and international loans and aid, according to estimates from the White House. The country's already lagging growth rate may be slashed in half, Indian economists say.