× The Vanderbilt Television News Archive is currently closed to in-person research, but is still fulfilling loan requests. For the latest information about COVID-19 (coronavirus disease), visit vu.edu/coronavirus.
Search the Archive

Economy / For. Import Quotas Ruling / Bal. of Payments / Dollar / Merger #54379

ABC Evening News for Wednesday, Jun 21, 1978
View other clips in this broadcast →

Material supplied by VTNA may be used for educational analysis or research only. Any editing, reproduction, publication, rebroadcast, public showing or public display may be prohibited by copyright laws.

(Studio) Supreme Court decision that United States government can't be forced to impose extra import taxes on foreign goods noted; case involves Zenith Corporation
REPORTER: Harry Reasoner

(No location given) Zenith's situation in face of foreign competition from Japan detailed. [Wage and Price Council director Barry BOSWORTH - thinks Zenith and others can compete on United States market by making better product. Says cutting off of foreign competition just because they beat United States industry can't become general practice.] Impact of Court ruling on inds. other than television in United States noted. Dollar devaluation, creating price increase on foreign goods, stated as theoretically making foreign goods less popular is reported that this hasn't happened. Contd. growth of United States foreign deficit and thus continued growth in protectionist attitude in United States cited. President Carter's upcoming trip to econ. summit in July mentioned.
REPORTER: Dan Cordtz

(Studio) Bal. of payments figs. for 1st quarter and continued fall of dollar against Japanese yen reported Is noted that this is lowest dollar-yen exchange level since World War II. Govt. approval of merger of Lykes Corporation and LTV steel producers noted.
REPORTER: Harry Reasoner

Cordtz, Dan;
Reasoner, Harry

Note to sponsor members: The Vanderbilt Television News Archive video player requires a modern operating system and browser to work properly. If you are experiencing playback problems, check the minimum requirements and adjust your setup accordingly. After adjustments, if you continue to experience problems, please contact us.

Welcome! Above is the abstract of the item that you're interested in viewing from the Vanderbilt Television News Archive's collection. You have three options if you'd like to view this item:

  • You may request a loan of this video by registering on our website and placing an order.
  • You may visit the Television News Archive on the Vanderbilt campus to view on-site from the Archive's collection.
  • If you are associated with a college or university, you may ask your library if they would like to become a sponsor, which would give students and faculty at your institution the ability to view items from our collection.

If you believe that you are associated with a sponsoring college or university and have received this message in error, please let us know.