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United States Shipping Costs #42233

ABC Evening News for Tuesday, Mar 16, 1976
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(Studio) US-USSR talks on buying crude oil from USSR break down over freight rates. Wheat buying talks also bogged down over same issue. American shipping expensive and taxpayers pay part of expense.
REPORTER: Harry Reasoner

(DC) Much of grain sold to USSR shipped in tankers. Under agreement, 1/3 of grain must be carried in United States ships, which costs more. Maritime administration says $16 per ton shipping rate is best rate that USSR would accept. US subsidizes rest of shipments at $30 million per year
REPORTER: Frank Tomlinson

Reporter(s):
Reasoner, Harry;
Tomlinson, Frank
Duration:
00:01:30

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