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Economy / Trade Deficit / Ice Cream Sticks / Income Incrs. #46705

ABC Evening News for Monday, Nov 28, 1977
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(Studio) Trade deficit figs. for October cited; effect of dock strike on figs. reported Involvement of small as well as large items in United States firms' competition with foreign business noted.
REPORTER: Frank Reynolds

(No location given) Report on foreign competition and its effect on United States ice cream stick industry [Plant manager Will LAMARRE - says years in United States industry numbered and product will be less and less.] Prod. in Latin American, especially Honduras and Chile, and these cntries.' request to United States to eliminate tariff on sticks reported Effect on economy of Solon, ME, detailed. Problems of US inds. in competing with foreign business in areas of labor costs and technology outlined; mentioned as exs. are steel, auto, retail stores like K Mart, shoes, clothing, photograph and television and electronics inds.; statistics listed. Imports from Taiwan, South Korea and Japan noted. Difficulties facing trade negotiators in coping with problems detailed.
REPORTER: Bob Brown

(Studio) Census Bureau report with regard to American incomes raised above poverty level, 1970-75, cited.
REPORTER: Frank Reynolds

Reporter(s):
Brown, Bob;
Reynolds, Frank
Duration:
00:03:50

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