Third World countries blocking a new round of international trade talks sought by the United States and its main trading partners are "torpedoing the world trading system," and the Administration will cut its own deals if they don't yield, President Reagan's special trade representative warned Thursday.
The stock market went back on the offensive Thursday, rallying from a setback in the previous session with the help of renewed weakness in oil prices and declining interest rates.
chips at below-market prices in the United States and to allow American chip makers a larger share of
Japan has blocked unusually heavy U.S. orders for semiconductors to ensure the success of a new microchip trade pact between the two countries, according to Ministry of International Trade and Industry (MITI) officials.
Broadcasting stocks held center stage in a mixed session on Wall Street today.
"dumping," that nation's largest producer of semiconductors announced a 20% price increase Monday on two key types of memory chips.
Blue-chip issues set the pace as the stock market rallied from some early declines to finish mostly higher Wednesday.
Japanese trade officials assured U.S.
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A late rally in blue chips enabled the stock market to finish mixed for the second straight session
Blue-chip issues rejoined the stock market's rally in heavy trading Thursday as the Dow Jones industrial average closed just short of a record high.
President Reagan wants to "let the chips fall where they may" and is ready to "take his lumps" when
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