Dropping the Other Shoe

Despite Growing Protectionist Pressure From Congress, Reagan Rejects Quotas

For more than ten years now, foreign shoemakers have been walking all over their American rivals. Stylish and inexpensive leather footwear from such countries as Taiwan, Brazil and South Korea will account for some 75% of sales in the U.S. this year. But if American manufacturers have lost the battle in the marketplace, they have tried to recoup in the political arena. For more than a year the industry has been waging a campaign to persuade President Reagan to impose quotas on shoes made overseas. Enlisted in the effort were 168 Congressmen, 40 Senators and 20 Governors, who sent letters or...

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