Trade: Giving the Boot to Imports

Giving the Boot to Imports

Those sleek, chic foreign shoes that beckon in store windows may soon be in short supply. The U.S. International Trade Commission said last week that it + will recommend to President Reagan a five-year program of import quotas to aid the struggling American shoe industry. Foreign competitors took 71% of the U.S. market last year, up from 4% in 1960. Under the ITC plan, imports of shoes with a value of $2.50 or more per pair would be limited to 474 million pairs during each of the next two years, a decrease of 17.6% from 1984. Imports would be allowed to...

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