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Economy / Foreign Trade / Japan / Foreign Oil Imports / USSR Trade #259026

CBS Evening News for Wednesday, Jul 05, 1978
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(Studio) Trade negotiator Robert Strauss' announcement that international trade agreement is held up due to refusal of Europe, Japan and Canada to buy more United States agriculture prods. reported Strauss' comments on Japan's failure to fulfill pledge to reduce trade surplus with United States stated.
REPORTER: Roger Mudd

(Tokyo, Japan) Trade agreement signed earlier in year between United States and Japan detailed; film shown. [STRAUSS - says more sound and dramatic result than he anticipated has been reached.] Strauss' counterpart, Nobuhiko Ushiba, mentioned. United States dollar devaluation against yen since that agreement recalled. Econ. outlook as seen by American and Japanese econs. outlined. Japan's efforts to reduce trade surplus with United States described; some merchants' refusal to pass on declining American prices to consumer noted.
REPORTER: Bruce Dunning

(Studio) Dollar's continued decline against yen reported Decr. in foreign oil imports in United States this year stated.
REPORTER: Roger Mudd

(NYC) For. trade deficit for 1st 5 mos. of year noted and details given. Decr. in foreign oil imports, due to Alaska pipeline and to cutbacks in consumption, and increase in purchases of other imported goods examined.

(Studio) USSR Premier Alexei Kosygin's statements about lack of US-USSR trade, made to Soviet parliament, reported Film shown.
REPORTER: Roger Mudd

Brady, Ray;
Dunning, Bruce;
Mudd, Roger

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