As they consolidate, steel manufacturers are asking the Bush administration to strengthen import barriers, which would help a bit, and to take over some of the industry's enormous health-care and pension costs for retirees, which would help a lot.
ECONOMIST: Can anything save America's battered steel producers?
This brings me to a potential disaster--the Bush Administration's steel import quota.
Setting specific import goals was a hallmark of the Clinton administration's early trade strategy.
At this pace, the U.S. Energy Information Administration has estimated that China will import almost 75% of its crude oil by 2035.
As part of the tentative agreement on prescription drugs, individuals would be allowed to personally import drugs that are approved by the Food and Drug Administration if the drugs are prescribed for personal use.
CNN: Lawmakers reach tentative deal on prescription drug reimportation
Section 11A(h) of the Export Administration Act authorizes the president both to prohibit the import of products or services from Imhausen into the United States and to block Imhausen from participating in any U.S. government contracts for up to five years.
In 2010, China was Iran's largest oil import market, according to the U.S. Energy Information Administration, with Japan No. 2.
The Clinton administration has found the U.S. Export-Import Bank to be yet another vehicle for sluicing what amount to campaign contributions into Boris Yeltsin's war chest at American taxpayer's expense.
That collapse helped precipitate the terrible farm bill of 2002 and the Bush Administration's ill-advised foray into protectionism via steel import quotas.
Evans, the manager of Bush's presidential campaign, was tapped by the president-elect December 20 for the Commerce post, where, should he be confirmed, he will be charged with overseeing domestic commerce, international trade agreements, import and export levels, fisheries policy, the National Oceanic and Atmospheric Administration, the Census Bureau and the National Weather Service.
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Over the past several months, the Center has carefully evaluated the merits and modalities of the U.S. Export-Import Bank oil and gas framework agreement with Russia recently initialed by the Clinton Administration. (1) In the process, a number of major strategic and financial down-side risks associated with this deal have been identified.
The Center anticipates that the Bush Administration will privately inform the allies that restored Soviet access to Export-Import Bank loans and credit guarantees, 3-year Commodity Credit Corporation grain loans and Overseas Private Investment Corporation insurance coverage represent a substantial U.S. assistance package to the USSR.
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