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(Studio) President Carter approves 3-yr. agreement with Japan to limit color TV exports to US.
REPORTER: Walter Cronkite
(NYC) Report on effect of agreement on consumers. [Committee to Preserve American Color television spokesperson Jacob CLAYMAN - says few dollars American consumer saves in buying Japanese television is more than paid out to support unemployment in US.] Japanese have specialized in making private label brands. [Japanese exporter's attorney William TANAKA - says stores that buy such brands will probably be in shortage by end of year or early next year; stores include Sears, Penney's, Montgomery Ward and Western Auto.] Effect on American television industry noted. [Trade negotiator Robert STRAUSS - says prices on foreign sets shouldn't go up till 1979, if ever.] One manufacturer disagrees; details noted. Stores now have overstock of color television sets and prices as good now as likely to be for a while.
REPORTER: Ray Brady
- Brady, Ray;
- Cronkite, Walter
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