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Bush in recent speeches has cited the importance to economic and national security of reducing imports from countries "that don't care for America". Imports account for more than half of the country's oil consumption, up from 36% during the 1973 Arab oil embargo.
On the other hand, surcharges were effective in reducing imports.
The answer is that austerity works by increasing exports and reducing imports.
During Sunday's speech, he said Venezuela was trying to boost consumption of domestic goods as a means of reducing imports.
It is his most consistently expressed explanation for America's failings, and reducing imports and increasing exports is one of his primary policy solutions to Make America Great Again.
Monday's debate will give Group of 20 leaders more facts about protectionist trends in promoting exports or reducing imports by the W.T.O.'s 153 members and others such as Russia ahead of a meeting in London in April.
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Its surprising strength in the 1990's helped keep inflation in check by reducing import prices.
Finally, by reducing import duties on Spanish wine, he aroused opposition that toppled his government in February 1906.
In essence, the industry is asking for a belt-and-suspenders bailout from the government -- reducing import competition while also providing financial aid to help compete with imports.
Reducing imported energy lowers the current account deficit and begins the essential long-term task of curtailing dependence on politically unstable and unfriendly foreign suppliers.
China has just announced that it is reducing import duties on certain high-technology items it needs, such as microchips.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com